IGRA Set To Struggle

While other Latin American equity indices have rallied over recent days as some of the oversold momentum generated by mid-May's rapid sell-off is unwound, Peru's benchmark IGRA index has bucked the trend by posting consistent declines. At the close of trading on Thursday, the bourse stood at 14,135, with a move towards major resistance at 14,000 now looking very much on the cards over the short term.

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