Peru Stocks: Candente, Cementos Lima, La Pampilla Were Active
The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are at the close of trading.
The Lima General Index (IGBVL) fell 0.3 percent to 20,718.49. The MSCI All Peru Capped Index slid 0.1 percent to 2,779.37.
Candente Copper Corp. (DNT) , the Canadian mining exploration company with operations in Peru, rose the most in two weeks, climbing 3.8 percent to 55 cents. Government officials held talks with the local community to mollify opposition to the company’s Canariaco copper project, the Energy and Mines Ministry said in an e-mailed statement.
Cementos Lima SA (CEMLIMC1) (CEMLIMC1 PE), the country’s biggest cement maker, climbed 1.1 percent to 2.78 soles, a seven-week high. Domestic demand in the Andean nation remains strong and the central bank sees no reason to lower borrowing costs, bank President Julio Velarde said yesterday. Cement demand rose 16 percent in May from a year ago, the government said July 1.
Refineria La Pampilla SA (RELAPAC1) (RELAPAC1 PE) slid the most in a week, declining 1.6 percent to 63 centimos. Peru’s largest petroleum refinery fell as crude oil amid concern a global economic slowdown may curb demand.
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