Peru Stocks: Southern Copper, Cerro Verde, Siderperu, Simsa
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 was little changed at 22,793.27. The MSCI All Peru Capped Index advanced 0.2 percent to 3,079.12.
Copper miners fell after Southern Copper Corp. Chief Executive Officer Oscar Gonzalez Rocha said Peru’s production of the metal will fall this year because of delays in new projects, said Jorge Ramirez, a trader at Lima-based brokerage Coril SAB.
Sociedad Minera Cerro Verde SA (CVERDEC1 PE), a unit of Freeport-McMoRan Copper & Gold Inc., dropped 2.3 percent to $50.75. Candente Copper Corp. (DNT PE), a Canadian exploration company, fell 2.3 percent to $2.17. Southern Copper Corp. (SCCO PE), Peru’s biggest copper producer, slid 1.6 percent to $43.30, the lowest since Jan. 25.
Empresa Siderurgica del Peru SAA (SIDERC1 PE), a unit of Gerdau SA, Latin America’s largest steelmaker, fell 2.1 percent to 1.83 soles after announcing fourth-quarter net income dropped 81 percent to 9.2 million soles.
Cia. Minera de San Ignacio de Morococha SA (MOROCOI1 PE), the Lima-based lead and zinc producer, gained 2.3 percent to 90 centimos after announcing workers ended a 13-day strike. Zinc prices rebounded in London today.
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