Peru Stocks: Casa Grande, Credicorp, Pomalca, Telefonica
The Lima General Index (IGBVL) fell for a fifth session, losing 0.5 percent to 20,702.90. The MSCI All Peru Capped Index slid 0.4 percent to 2,702.23.
Telefonica del Peru SAA (TELEFBC1 PE) slumped 6.5 percent to 2.02 soles, the most in a year. The unit of Madrid-based Telefonica SA tumbled on investor concern about Moody’s Investors Service’s downgrade of Spain’s credit rating and the parent company’s plans to sell Latin American assets, said Javier Frisancho, a trader at Lima-based brokerage Kallpa Securities SAB.
Empresa Agroindustrial Pomalca SA (POMALCC1 PE), a sugar producer, dropped 1.9 percent to 52 centimos.
Credicorp Ltd. (BAP) , Peru’s largest financial-services company, slid 2 percent to $117.25, in line with declines by its New York-traded American depositary receipts.
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