Peru Stocks: Casa Grande, Credicorp, Pomalca, Telefonica

The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses, and share prices are as of market close in Lima.

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.

Casa Grande (CASAGRC1 PE), Peru’s largest sugar producer and a unit of Gloria SA, fell 2.2 percent to 13.20 soles after sugar declined in New York.

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.

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.