Peru Stocks: Atacocha, Rio Alto, Southern Copper Advance
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) rose 0.6 percent to 20,776.82. The MSCI All Peru Capped Index gained 1 percent to 2,782.68.
Metal producers advanced after copper and gold prices gained on speculation central banks around the world will act to spur growth.
Rio Alto Mining Ltd. (RIO) , a Canadian gold exploration company, climbed the most in a month, adding 4.2 percent to $4.19. Cia. Minera Atacocha SA (ATACOBC1 PE), the Lima-based silver and zinc mining company, advanced 2.2 percent to 46 centimos. Southern Copper Corp. (SCCO) , Peru’s biggest producer of the metal, rose 1.9 percent to $32, the highest since May 7.
Grana y Montero SA (GRAMONC1), a Lima-based construction firm, gained 1.4 percent to 8.42 soles, a seven-week high. Domestic demand in the Andean nation remains strong and the central bank president sees no reason to lower borrowing costs, bank President Julio Velarde told reporters in Lima today.
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