Peru Stocks: Aceros Arequipa, Austral, Candente, Southern Copper
Industrial and banking stocks declined on investor uncertainty that European leaders will be able to solve the region’s debt crisis, said Estefany Castillo, an analyst at Scotiabank Peru.
Austral Group SA (AUSTRAC1 PE), a unit of Austevoll Seafood ASA, fell 3.6 percent to 27 centimos. Corp. Aceros Arequipa SA (CORAREI1 PE), the Lima-based steelmaker, dropped 2.8 percent to 2.10 soles. Intergroup Financial Services Corp. (IFS) , the owner of Peru’s fourth-largest bank, Interbank, declined 1.9 percent to $25.50. Luz del Sur (LUSURC1) (LUSURC1 PE), Peru’s largest electricity distributor, slid 1.5 percent to 6.41 soles.
Copper miners slumped as futures fell for the fifth day in six in New York.
Alturas Minerals Corp. (ALT) , a Canadian copper and gold exploration company, fell 10 percent to 9 cents. Southern Copper Corp. (SCCO PE), the country’s biggest producer of the metal, declined 6.8 percent to $29.60. Candente Copper Corp. (DNT) , a Canadian exploration company, fell 4.8 percent to 99 cents. Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, fell 2.6 percent to 37 cents.
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