Peru Stocks: Southern Copper, Cerro Verde, Volcan, Credicorp

The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 4:10 p.m. New York time.

The Lima General Index gained 0.9 percent to 21,547.34. The MSCI All Peru Capped Index rose 1.4 percent to 3,150.49.

Copper and zinc miners gained after the metals advanced for a third day in New York and London.

Candente Copper Corp. (DNT PE), a Canadian exploration company, rose 4.3 percent to $1.47. Southern Copper Corp. (SCCO PE), Peru’s biggest copper producer, gained 1.6 percent to $43.90. Sociedad Minera Cerro Verde SA (CVERDEC1 PE), a unit of Freeport-McMoRan Copper & Gold Inc., rose 3.6 percent to $43. Volcan Cia. Minera SAA (VOLCABC1 PE), Peru’s largest zinc producer, gained 2.4 percent to 3.44 soles.

Banking shares advanced after Interbank’s commercial banking vice president Andres Munoz said bank lending in Peru will grow 20 percent next year on surging economic growth.

Credicorp Ltd. (BAP PE), Peru’s largest financial services company, advanced 1.9 percent to $124.00. Banco Continental SA (CONTINC1 PE), the local unit of Spain’s Banco Bilbao Vizcaya Argentaria SA, gained 1.8 percent to a record 8.35 soles. Intergroup Financial Services Corp. (IFS PE), owner of Peru’s fourth-largest bank Interbank, rose for a seventh day, adding 1.5 percent to a record $34.25 after inaugurating Bank of China Ltd.’s trading desk at Interbank.

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net.

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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