Lima’s general stock index (IGBVL) rose 4.04% Monday morning, reaching record highs, on the news that former president Alan García had clinched victory from nationalist Ollanta Humala. Meanwhile, the Peruvian currency, the nuevo sol, strengthened 0.82% against the dollar to levels not seen since the beginning of 1999. With 92.5% of the second-round presidential ballot counted, Alan García of Peru’s center-left political party, APRA, had won 53.20% of the votes against 46.79% polled by Humala.The markets were clearly pleased and relieved that the votes of the middle class and business community won out against the populist choice.
Technorati Tags: Peru, Alan Garcia, Eduardo Bravo Losada, Bravo & Bravo Losada, IGAF, Lima´s General Stock Index, IGBVL, APRA, Peruvian Currency
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