Bloomberg News

Peru Stocks: Intergroup, El Brocal Gain; Candente, Minsur Fall

October 11, 2011

Oct. 11 (Bloomberg) -- The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of the close of trading.

The Lima General Index was little changed at 18,268.85. The MSCI All Peru Capped Index rose 0.4 percent to 2,402.56.

The Lima bourse’s most liquid shares gained as most U.S. equities advanced on optimism about third quarter corporate earnings, said Maher Saba, co portfolio manager at Compass Group SAFI, in a telephone interview from Lima.

Intergroup Financial Services Corp. (IFS PE), the country’s fourth largest financial services company, climbed 2.5 percent to $24.30, a three-week high. Credicorp Ltd. (BAP PE), Peru’s largest financial-services company, rose 1.1 percent to $98.25. Cia. de Minas Buenaventura SAA, the nation’s largest precious metals producer, climbed 2.5 percent to $41.40. Sociedad Minera El Brocal SAA (BROCALC1 PE), a zinc and lead producer, added 2.5 percent to 40.50 soles.

Mining companies dropped as copper and gold prices eased after European Central Bank President Jean-Claude Trichet said the debt crisis threatens the region’s financial system.

Candente Copper Corp. (DNT PE), the Canadian mining exploration company with operations in Peru, fell the most in a week, retreating 1.9 percent to $1.05. Minsur SA (MINSURI1 PE), the world’s fourth-largest tin producer, declined 1.2 percent to 2.53 soles. Ferreyros SA (FERREYC1 PE), Peru’s largest heavy goods machinery distributor, fell 2.1 percent to 2.30 soles.

Casa Grande (CASAGRC1 PE), Peru’s largest sugar producer, dropped the most in a week, falling 1.5 percent to 13.50 soles as the sweetener fell in New York.

--Editor: Glenn J. Kalinoski

To contact the reporter on this story: John Quigley in Lima at

To contact the editor responsible for this story: David Papadopoulos at

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