Bloomberg News

Peru Stocks: Austral, Candente, Milpo, Panoro, Siderperu, Volcan

September 30, 2011

Sept. 30 (Bloomberg) -- The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and prices are as of 2:29 p.m. New York time.

The Lima General Index fell for the ninth session in 10, losing 0.6 percent to 18,333.58. The MSCI All Peru Capped Index dropped 1 percent to 2,311.45.

Industrial and banking shares dropped after U.S. stocks and commodities slumped on concerns the global economy is slowing, said Arlen Lahura, a trader at Lima-based brokerage Coril SAB.

Austral Group SA (AUSTRAC1 PE), a unit of Austevoll Seafood ASA, fell 3.7 percent to 26 centimos. Empresa Siderurgica del Peru SAA (SIDERC1 PE), the Gerdau SA unit known as Siderperu, declined 2.9 percent to 1 sol. Grana y Montero SA (GRAMONC1 PE), Peru’s largest construction firm known as GyM, dropped 0.9 percent to 5.5 soles. Scotiabank Peru SA (SCOTIAC1 PE), the local unit of Canada’s third-largest bank, slid 1.2 percent to 42.49 soles.

Copper and zinc miners fell after the metals declined in New York and London.

Candente Copper Corp. (DNT PE), a Canadian exploration company, dropped for the fourth session in five, losing 3.1 percent to 94 cents. Panoro Minerals Ltd. (PML PE), a Canadian copper and gold exploration company, declined 5 percent to 38 cents. Volcan Cia. Minera SAA (VOLCABC1 PE), Peru’s largest zinc and silver producer, slid 1.1 percent to 2.58 soles. Cia. Minera Milpo (MILPOC1 PE), a zinc and lead producer controlled by Sao Paulo-based Votorantim Metais Ltda., fell 1 percent to 4.95 soles.

--Editors: Glenn J. Kalinoski, Richard Richtmyer

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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