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Peru Stocks: Candente, Cerro Verde, IRL, Pomalca, Relapasa

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Nov. 8 (Bloomberg) -- 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.

The Lima General Index rose 0.6 percent to 19,509.95. The MSCI All Peru Capped Index climbed 1.1 percent to 2,636.01.

Industrial stocks gained as investors bet that European leaders will tame the debt crisis, Jose Luis Bustamante, head of trading at Cartisa SAB, said in a telephone interview.

Empresa Agroindustrial Pomalca SA (POMALCC1 PE), a sugar producer, rose 4.3 percent to 49 centimos after futures advanced in New York. Austral Group SA (AUSTRAC1 PE), a unit of Austevoll Seafood ASA, climbed 3.7 percent to 28 centimos. Refineria la Pampilla SA (RELAPAC1 PE), a unit of Repsol YPF SA, rose 2.4 percent to 85 centimos after crude gained in New York. Credicorp Ltd. (BAP PE), Peru’s largest financial-services company, gained 2 percent to $109.10.

Miners gained after metals advanced in New York and London.

Candente Copper Corp. (DNT PE), a Canadian exploration company, jumped 25 percent to $1.31 after Raymond James analyst Adam Low recommended buying shares. Minera IRL Ltd. (MIRL PE), a U.K. minerals explorer with a gold mine in Peru, rose 3.7 percent to $1.13. Sociedad Minera Cerro Verde SA (CVERDEC1 PE), a unit of Freeport-McMoRan Copper & Gold Inc., climbed 1.4 percent to $36.10 after Cerro Verde union General Secretary Leoncio Amudio said Peru’s government set a Nov. 15 deadline to settle a six-week-old wage dispute.

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

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