Peru Stocks: Candente, Credicorp, GyM, Milpo, Scotiabank Peru
The Lima General Index rose 1.4 percent to 18,834.69. The MSCI All Peru Capped Index gained 1.7 percent to 2,467.47.
Industrial and banking shares rebounded on speculation that European leaders will be able to contain the region’s debt crisis, said Estefany Castillo, an analyst at Scotiabank Peru.
Corp. Aceros Arequipa SA (CORAREI1 PE), the Lima-based steelmaker, rose 3.3 percent to 2.18 soles. Credicorp Ltd. (BAP) , Peru’s largest financial-services company, gained 2.7 percent to $107.10. Scotiabank Peru SA (SCOTIAC1) (SCOTIAC1 PE), the local unit of Canada’s third-largest bank, climbed 2.4 percent to 46 soles. Banco Continental SA (CONTINC1) (CONTINC1 PE), the local unit of Spain’s Banco Bilbao Vizcaya Argentaria SA, advanced 1.8 percent to 5.65 soles. Grana y Montero SA (GRAMONC1) (GRAMONC1 PE), Peru’s largest construction firm, rose 1.6 percent to 5.80 soles.
Copper and zinc miners gained as metals surged in New York and London.
Candente Copper Corp. (DNT) , a Canadian exploration company, rose 3 percent to $1.03. Sociedad Minera Cerro Verde SA (CVERDEC1 PE), a unit of Freeport-McMoRan Copper & Gold Inc., gained 2.6 percent to $35.30. Cia. Minera Milpo (MILPOC1 PE), a zinc and lead producer controlled by Sao Paulo-based Votorantim Metais Ltda., advanced 1.1 percent to 4.77 soles.
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