Peru Stocks: Credicorp, Candente Copper, Buenaventura, Rio Alto
The Lima General Index fell 0.2 percent to 20,181.82. The MSCI All Peru Capped Index rose 0.1 percent to 2,575.99.
Banks and copper mining companies declined on concern the U.S. recovery will take longer than expected and after Moody’s Investors Service said it may cut the country’s credit rating, Roberto Flores, an economist at Lima-based brokerage Inteligo SAB, said in a phone interview.
Credicorp Ltd. (BAP) , Peru’s largest financial-services company, fell for the first day in three, slipping 2.4 percent to $86. Banco Continental SA (CONTINC1) (CONTINC1 PE), the local unit of Spain’s Banco Bilbao Vizcaya Argentaria SA, fell the most in more than a week, declining 1.7 percent to 5.90 soles. Candente Copper Corp. (DNT) , the Canadian mining exploration company with operations in Peru, retreated 2.6 percent to $1.50.
Gold mining stocks gained as the metal closed at a record in New York.
Cia. de Minas Buenaventura SAA (BVN PE), the country’s biggest precious-metals miner, rose 2 percent to a six-week high of $39.26. Rio Alto Mining Ltd. (RIO) , a Canadian gold exploration company, climbed the most in five weeks, rising 4.1 percent to $2.30. Minera IRL Ltd. (MIRL) , a U.K. minerals explorer with a gold mine in Peru, rose 1.7 percent to $1.20.
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