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Peru Stocks: Credicorp, Candente Copper, Buenaventura, Rio Alto

July 14 (Bloomberg) -- The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 4:53 p.m. New York time.

The Lima General Index fell 0.2 percent to 20,181.82. The MSCI All Peru Capped Index rose 0.1 percent to 2,575.99.

Banks and copper mining companies declined on concern the U.S. recovery will take longer than expected and after Moody’s Investors Service said it may cut the country’s credit rating, Roberto Flores, an economist at Lima-based brokerage Inteligo SAB, said in a phone interview.

Credicorp Ltd. (BAP PE), Peru’s largest financial-services company, fell for the first day in three, slipping 2.4 percent to $86. Banco Continental SA (CONTINC1 PE), the local unit of Spain’s Banco Bilbao Vizcaya Argentaria SA, fell the most in more than a week, declining 1.7 percent to 5.90 soles. Candente Copper Corp. (DNT PE), the Canadian mining exploration company with operations in Peru, retreated 2.6 percent to $1.50.

Gold mining stocks gained as the metal closed at a record in New York.

Cia. de Minas Buenaventura SAA (BVN PE), the country’s biggest precious-metals miner, rose 2 percent to a six-week high of $39.26. Rio Alto Mining Ltd. (RIO PE), a Canadian gold exploration company, climbed the most in five weeks, rising 4.1 percent to $2.30. Minera IRL Ltd. (MIRL PE), a U.K. minerals explorer with a gold mine in Peru, rose 1.7 percent to $1.20.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

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

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