Peru Stocks: Alicorp, Casa Grande, Rio Alto, Southern Copper
The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 1:36 p.m. local time.
Industrial and banking stocks surged as investors bet European central banks will help curb the region’s debt crisis, said Hernando Pastor, an analyst at Lima-based Kallpa Securities SAB.
Casa Grande (CASAGRC1) (CASAGRC1 PE), Peru’s largest sugar producer, jumped 5.4 percent to 14.50 soles as futures advanced for a third day in New York. Alicorp SA (ALICORC1) (ALICORC1 PE), Peru’s largest foodstuff maker, rose 4.4 percent to 5.95 soles. Edegel SA (EDEGELC1 PE), the Peruvian unit of Spain’s Endesa SA, climbed 2.9 percent to 1.75 soles. Credicorp Ltd. (BAP) , Peru’s largest financial-services company, gained 2.5 percent to $106.80.
Miners gained after metals advanced in New York and London.
Rio Cristal Resources Corp. (RCZ) , a Canadian exploration company, rose 18 percent to 13 cents. Alturas Minerals Corp. (ALT) , a Canadian gold and copper exploration company, gained 11 percent to 10 cents. Rio Alto Mining Ltd. (RIO) , a Canadian gold exploration company, rose for a fifth session, adding 9.7 percent to $3.40. Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, climbed 5.1 percent to 41 cents. Southern Copper Corp. (SCCO PE), Peru’s biggest copper producer, advanced 4 percent to $31.
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