Peruvian Stock Movers: Ferreyros, Minsur, Relapasa, Rio Alto
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. Lima time.
Ferreyros SA (FERREYC1) (FERREYC1 PE), the Lima-based distributor for Caterpillar Inc., dropped for the first session in five, losing 2.3 percent to 2.98 soles as local investors speculated a rally in February was overdone, said Carlos Rojas, a trader at Andino Asset Management SAC. The shares traded at 9.3 times earnings on March 2, compared with 7 times earnings a year earlier, according to Bloomberg data.
Refineria la Pampilla SA (RELAPAC1 PE), a unit of Repsol YPF SA known as Relapasa, fell 1.9 percent to 1.02 soles after natural gas futures dropped in New York.
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