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Lima Stock Market could grow by 45 percent this year
By Manuel Vigo
March 28, 2012
So far 2012 has been kind to the Lima Stock Exchange, and analysts have said this trend is expected to continue.
The Lima Stock Exchange has seen a 21.5 percent increase during the first three months of the year, and according to Alberto Arregui, chief investment officer at Compass Group, Lima’s stock exchange is poised to rally investment in the remainder of the year.
"Expectations about economic growth are improving, shares of major companies are still below their fundamental value, due to last year’s fall, and we are seeing the first signs of recovery in the flows to the equity market, so we expect the Lima market to still have room to grow between 15 percent and 20 percent more, in the remainder of the year,” Arregui said to El Comercio.
However, Arregui said, the market is still exposed to internal and external risks, such as the worsening European debt crisis; the possibility of the cancelation of the Conga mining project; and the upcoming U.S. elections, among other factors.
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