IBOV 176,357 ▲ 0.35% IPSA 10,928 ▲ 0.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.07▼ 1.34% USD/MXN17.41▼ 0.66% USD/CLP923.90▼ 0.96% USD/COP3,244▼ 0.59% USD/PEN3.40▼ 0.21% USD/ARS1,476▼ 0.47% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.33▲ 0.42% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.81▼ 0.25% BRENT 86.11 ▲ 3.37% WTI 79.97 ▲ 2.34% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.53% GOLD 4,091 ▲ 2.35% SILVER 59.59 ▲ 3.39% SOY 1,188 ▼ 1.16% CORN 457.50 ▲ 4.51% WHEAT 632.50 ▲ 0.88% COFFEE 335.60 ▼ 1.70% SUGAR 14.76 ▲ 0.07% ORANGE JUICE 137.85 ▼ 3.30% COTTON 81.07 ▲ 1.55% COCOA 5,659 ▼ 0.65% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 71.66 ▲ 2.02% PETR4 41.13 ▲ 1.16% VALE3 73.44 ▲ 0.81% ITUB4 43.78 ▲ 0.60% BBDC4 18.87 ▲ 0.53% ABEV3 15.94 ▲ 0.69% BBAS3 20.32 ▲ 0.40% B3SA3 15.25 ▲ 0.86% WEGE3 44.37 ▼ 0.05% PRIO3 57.54 ▲ 0.59% SUZB3 41.35 ▼ 0.34% RENT3 40.18 ▼ 0.05% AZZA3 18.96 ▼ 1.35% CSAN3 3.87 ▼ 0.77% RAIZ4 0.34 ▲ 3.03% PCAR3 2.58 ▼ 0.39% GMAT3 3.95 ▲ 0.25% PSSA3 54.20 ▲ 0.30% CVCB3 1.31 ▲ 4.80% POSI3 3.94 ▼ 1.25% SLCE3 13.91 ▲ 0.29% NATU3 8.51 ▼ 1.05% BRKM5 6.89 ▼ 0.72% RANI3 7.92 ▼ 0.38% CSNA3 5.28 ▲ 0.76% CMIN3 5.42 ▼ 0.55% USIM5 8.32 ▼ 0.72% GGBR4 23.05 ▲ 1.01% ENEV3 26.88 — 0.00% CPFE3 47.08 ▲ 0.51% CMIG4 11.11 ▲ 0.36% EQTL3 40.77 ▲ 1.39% LREN3 13.99 ▼ 1.13% VIVT3 35.19 ▲ 1.32% RAIL3 14.06 ▼ 0.35% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.28 ▲ 0.44% RDOR3 35.62 ▲ 0.17% HAPV3 10.53 ▲ 0.67% FLRY3 16.22 ▲ 0.43% SMTO3 16.33 ▼ 0.24% UGPA3 30.93 ▲ 0.72% VBBR3 32.15 ▼ 1.86% BBSE3 40.38 ▲ 0.25% BPAC11 57.51 ▼ 0.02% CURY3 32.93 ▼ 0.57% AERI3 2.08 ▼ 0.48% VIVARA 23.04 ▼ 0.30% COMPASS 25.00 ▲ 0.93% VAMOS 3.03 ▲ 0.33% SANB11 27.51 ▲ 0.51% ASAI3 8.61 ▼ 1.15% SBSP3 30.52 ▲ 0.49% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.64% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 1.05% GRUMA 281.37 ▼ 0.57% KIMBER 38.22 ▲ 0.24% SQM-B 67,211 — 0.00% COPEC 6,057 — 0.00% BSANTANDER 78.20 — 0.00% FALABELLA 5,905 — 0.00% ENELAM 84.20 — 0.00% CENCOSUD 2,040 — 0.00% CMPC 1,078 — 0.00% BANCO CHILE 185.00 — 0.00% LATAM AIR 24.90 — 0.00% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 63,750 ▲ 2.43% ETH 1,872 ▲ 5.57% SOL 77.11 ▲ 3.00% XRP 1.10 ▲ 3.33% BNB 580.20 ▲ 2.39% ADA 0.16 ▲ 3.99% DOGE 0.07 ▲ 2.74% AVAX 6.62 ▲ 2.73% LINK 8.25 ▲ 4.78% DOT 0.85 ▲ 1.97% LTC 44.68 ▲ 2.74% BCH 240.54 ▲ 1.82% TRX 0.33 ▲ 0.39% XLM 0.18 ▲ 2.43% HBAR 0.07 ▲ 0.76% NEAR 2.03 ▲ 5.60% ATOM 1.55 ▲ 1.11% AAVE 99.55 ▲ 5.50% SELIC 14.25% EMBRAER 82.13 ▼ 1.06% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.23 ▼ 0.63% MBRF3 15.74 ▲ 0.13% MBRFY 3.05 — 0.00% INTER 5.65 ▼ 2.92% EGX 52,299 ▼ 0.59% USD/ZAR16.35▼ 0.77% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY161.87▼ 0.35% USD/CNY6.76▼ 0.32% DAX 25,028 ▼ 0.34% CAC 8,344 ▼ 0.24% FTSE 10,511 ▲ 0.12% MIB 52,809 — 0.00% IBEX 19,284 ▼ 0.27% STOXX 640.81 ▼ 0.03% EUR/USD1.15▲ 0.62% GBP/USD1.34▲ 0.14% SPX 7,528 ▲ 0.17% DJI 52,406 ▼ 0.18% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,262 ▲ 0.02% VIX 16.77 ▼ 2.27% USD/CAD1.41▼ 0.69% US10Y 4.5770 ▼ 0.69% IBOV 176,357 ▲ 0.35% IPSA 10,928 ▲ 0.16% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.07 ▼ 1.28% USD/MXN 17.42 ▼ 0.64% USD/CLP 924.24 ▼ 0.93% USD/COP 3,243 ▼ 0.60% USD/PEN 3.40 ▼ 0.21% USD/ARS 1,476 ▼ 0.47% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.33 ▲ 0.42% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.81 ▼ 0.27% BRENT 86.11 ▲ 3.37% WTI 79.97 ▲ 2.34% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.53% GOLD 4,091 ▲ 2.35% SILVER 59.59 ▲ 3.39% SOY 1,188 ▼ 1.16% CORN 457.50 ▲ 4.51% WHEAT 632.50 ▲ 0.88% COFFEE 335.60 ▼ 1.70% SUGAR 14.76 ▲ 0.07% ORANGE JUICE 137.85 ▼ 3.30% COTTON 81.07 ▲ 1.55% COCOA 5,659 ▼ 0.65% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 71.66 ▲ 2.02% PETR4 41.13 ▲ 1.16% VALE3 73.44 ▲ 0.81% ITUB4 43.78 ▲ 0.60% BBDC4 18.87 ▲ 0.53% ABEV3 15.94 ▲ 0.69% BBAS3 20.32 ▲ 0.40% B3SA3 15.25 ▲ 0.86% WEGE3 44.37 ▼ 0.05% PRIO3 57.54 ▲ 0.59% SUZB3 41.35 ▼ 0.34% RENT3 40.18 ▼ 0.05% AZZA3 18.96 ▼ 1.35% CSAN3 3.87 ▼ 0.77% RAIZ4 0.34 ▲ 3.03% PCAR3 2.58 ▼ 0.39% GMAT3 3.95 ▲ 0.25% PSSA3 54.20 ▲ 0.30% CVCB3 1.31 ▲ 4.80% POSI3 3.94 ▼ 1.25% SLCE3 13.91 ▲ 0.29% NATU3 8.51 ▼ 1.05% BRKM5 6.89 ▼ 0.72% RANI3 7.92 ▼ 0.38% CSNA3 5.28 ▲ 0.76% CMIN3 5.42 ▼ 0.55% USIM5 8.32 ▼ 0.72% GGBR4 23.05 ▲ 1.01% ENEV3 26.88 — 0.00% CPFE3 47.08 ▲ 0.51% CMIG4 11.11 ▲ 0.36% EQTL3 40.77 ▲ 1.39% LREN3 13.99 ▼ 1.13% VIVT3 35.19 ▲ 1.32% RAIL3 14.06 ▼ 0.35% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.28 ▲ 0.44% RDOR3 35.62 ▲ 0.17% HAPV3 10.53 ▲ 0.67% FLRY3 16.22 ▲ 0.43% SMTO3 16.33 ▼ 0.24% UGPA3 30.93 ▲ 0.72% VBBR3 32.15 ▼ 1.86% BBSE3 40.38 ▲ 0.25% BPAC11 57.51 ▼ 0.02% CURY3 32.93 ▼ 0.57% AERI3 2.08 ▼ 0.48% VIVARA 23.04 ▼ 0.30% COMPASS 25.00 ▲ 0.93% VAMOS 3.03 ▲ 0.33% SANB11 27.51 ▲ 0.51% ASAI3 8.61 ▼ 1.15% SBSP3 30.52 ▲ 0.49% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.64% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 1.05% GRUMA 281.37 ▼ 0.57% KIMBER 38.22 ▲ 0.24% SQM-B 67,211 — 0.00% COPEC 6,057 — 0.00% BSANTANDER 78.20 — 0.00% FALABELLA 5,905 — 0.00% ENELAM 84.20 — 0.00% CENCOSUD 2,040 — 0.00% CMPC 1,078 — 0.00% BANCO CHILE 185.00 — 0.00% LATAM AIR 24.90 — 0.00% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 63,750 ▲ 2.43% ETH 1,872 ▲ 5.57% SOL 77.11 ▲ 3.00% XRP 1.10 ▲ 3.33% BNB 580.20 ▲ 2.39% ADA 0.16 ▲ 3.99% DOGE 0.07 ▲ 2.74% AVAX 6.62 ▲ 2.73% LINK 8.25 ▲ 4.78% DOT 0.85 ▲ 1.97% LTC 44.68 ▲ 2.74% BCH 240.54 ▲ 1.82% TRX 0.33 ▲ 0.39% XLM 0.18 ▲ 2.43% HBAR 0.07 ▲ 0.76% NEAR 2.03 ▲ 5.60% ATOM 1.55 ▲ 1.11% AAVE 99.55 ▲ 5.50% 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Analysis: Peru candidate Keiko Fujimori stalls in the polls while stirring up ghosts of communism

By · April 27, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – Keiko Fujimori will lose the elections in Peru according to all polls, underlining the failure of a campaign focused on stirring up ghosts of communism while sending a strong message that her own figure is an obstacle for her to obtain the Presidency.

A month and a half before the second electoral round that will pit the far-right Fujimori against the far-left candidate Pedro Castillo, an unexpected opponent whose proposals also polarize the country, the daughter of disgraced former president Alberto Fujimori (1990-2000) is trailing behind her rival with voting intentions some 11% to 20% lower.

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Keiko Fujimori stalls in the polls while stirring up ghosts of communism
Keiko Fujimori stalls in the polls while stirring up ghosts of communism. (Photo internet reproduction)
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Fujimori’s positive voting intentions are closer to those who plan to leave their vote blank or cancel their vote.

Her “antivoto” -those who say they would never vote for her- is around 55 % of the population, 20 points above her opponent. Among her voters, the loyalty of the suffrage is weaker than that of the followers of the rural teacher who is competing against her for the presidency.

Despite the overwhelming media support she receives from the Peruvian press, she is critical of the radical proposals for change of the Peru Libre party of Castillo, who seems to have found an echo among the most impoverished and majority sectors of Peruvian society.

LONG CAMPAIGN

Analysts and political scientists agree that the electoral campaign for the June 6 runoff is still long and that Peruvians tend to decide their vote at the last minute, which gives Fujimori a small margin.

The candidate, who already lost the presidential runoff elections in 2011 and 2016, willl be helped by the fact that Castillo will be under the spotlight and will have to concretize more of his proposals, with the subsequent erosion possible.

But for Fujimori to win, analysts agree that she will have to make a substantial change in her campaign and proposals.

“The anti-communist message in these weeks does not work for Keiko probably because it appeals to a public that is already convinced – Lima’s middle and upper classes – and she does not convince the great majority that does not see her as an option,” said sociologist Sandro Venturo.

That, together with the “terruqueo” – the accusations of terrorist links that the Peruvian right-wing systematically employs to refer to any leftist stance – has proven to have a very short margin or even to be detrimental and does not address the underlying problem of her candidacy: that Keiko does not offer confidence to the electorate.

ANTIVOTE

“Castillo is a new candidate who generates a lot of interest. Keiko is a candidate for the third time, and she has been running many campaigns where she has been getting all the good and bad things out of her.

Venturo expressed this problem in another way: “For a message to be successful, it needs two conditions: that the messenger has credibility and that the message responds to expectations. She is a messenger without credibility, and secondly, she does not respond to the concerns of the vast majority of Peruvians. If she maintains that posture, she will not grow and may even shrink.”

Peruvians, plunged into deep health, the economic and political crisis is asking for a change. Still, Keiko is presenting herself as a full-fledged guarantor of the neoliberal model established by her father. With that, she is “closing the door to say that she has the experience, that she could reform or improve things and that with those materials she could meet the demands of the people,” said Venturo.

Thus, Keiko would have a chance if people managed to perceive that she recognizes how badly she handled her parliamentary majority and her confrontation with presidents Pedro Pablo Kuczynski (2016-2018) and Martin Vizcarra (2018-2020) that unleashed the deep political crisis the country is going through.

“If she would recognize that the vast majority of people reject her, she would advance quite a bit. And if she could steal issues from Castillo and present herself as a great reformist who has experience and technicians, she would have more options. But knowing Fujimorism, those conditions are remote”, indicated the sociologist.

Torrado agreed with the analysis by pointing out that particularly the young people are waiting “for her to apologize for what she has done in these years” and “to assume commitments.” “If that does not happen, she will not achieve what she needs,” the analyst affirmed.

CASTILLO IN THE SPOTLIGHT

On the contrary, Castillo seems to have connected with the hopes of the people and shows “the movie that the people want to see”. However, now he will have difficulty when it is his turn to present his technical teamsm to show whether he has the organization to assume the government, reasoned Venturo.

Torrado notes that Castillo also has a sizeable “antivoto” and that in Peru, other candidates have already won while being extensively rejected among the population, so Keiko “does not have everything closed and she has a way to go”, more so now that her rival will have to expose himself more.

In that sense, Castillo should maintain a profile that reassures broad sectors, make an effort to neutralize the “terruqueo” label and stay “close to the people”, since that is something that has worked “well” for him.

“It will also be important to see what government teams both will have. People do not want improvisation. Those will have to generate trust,” he concluded.

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