Peru Stocks: Credicorp, Cerro Verde, Pomalca Are Active
The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 12:55 p.m. Lima time.
The Lima General Index (IGBVL) fell 0.4 percent to 20,515.52. The MSCI All Peru Capped Index retreated 0.3 percent to 2,730.92.
Mining and financial companies declined amid concern the euro zone’s deepening debt crisis will hurt global growth.
Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, fell the most in a week, sinking 3.1 percent to 63 cents. Credicorp Ltd. (BAP) , Peru’s largest financial-services company, declined 1.3 percent to $123.40. Sociedad Minera Cerro Verde SA (CVERDEC1 PE), the nation’s third-largest copper producer, fell 1.1 percent to $36.60.
Empresa Agroindustrial Pomalca SA (POMALCC1 PE), a sugar producer, advanced the most in eight weeks, adding 3.9 percent to 53 centimos. Raw sugar futures climbed in New York as dry weather threatened crops in India and rain slowed harvests in Brazil.
Candente Copper Corp. (DNT) surged 7.5 percent, the most in five weeks, to 57 cents after a Peruvian municipality granted the Vancouver-based company rights to drill at its copper property.
To contact the reporter on this story: John Quigley in Lima at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com