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.
Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, rose 1.3 percent to 77 cents.
Minera IRL Ltd. (MIRL) , a U.K. gold producer with a mine in Peru, jumped 4.5 percent to $1.15 after it announced net income more than tripled to $9.6 million last year.
Empresa Siderurgica del Peru SAA (SIDERC1 PE), a unit of Gerdau SA known as Siderperu, climbed 2 percent to 1 sol. Investors bet increased public spending will spur growth in Peru’s construction industry, said Arlen Lahura, a trader at Lima-based brokerage Coril SAB. Work will begin in April on a $1.5 billion natural gas pipeline that will supply petrochemicals and power plants in the southern Andes, Peruvian President Ollanta Humala said yesterday.
Grana y Montero SA (GRAMONC1 PE), Peru’s largest construction firm, gained for a sixth day, climbing 1.7 percent to 8.75 soles.
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