Bloomberg News

Peru Stocks: Aceros Arequipa, Credicorp, Southern Copper Climb

October 12, 2011

Oct. 12 (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 rose 1.6 percent to 18,554.90. The MSCI All Peru Capped Index gained 2.1 percent to 2,451.97.

Banking and mining shares advanced as U.S. stocks climbed and copper gained after the European Union released a roadmap of its plans to recapitalize banks and halt the euro area’s debt crisis.

Credicorp Ltd. (BAP PE), Peru’s largest financial-services company, advanced 4.8 percent to $103, a four-month high. BBVA Banco Continental SA (CONTINC1 PE), the local unit of Spain’s Banco Bilbao Vizcaya Argentaria SA, climbed 2.9 percent to 5.40 soles. Scotiabank Peru SA (SCOTIAC1 PE), a unit of Canada’s third-largest bank, added 3.5 percent to 44 soles.

Southern Copper Corp. (SCCO PE), Peru’s biggest producer of the metal, rose 3.2 percent to $27.77, a three-week high. Corp. Aceros Arequipa SA (CORAREI1 PE), the Lima-based steelmaker, gained the most in two months, rising 3.5 percent to 2.04 soles. Alturas Minerals Corp. (ALT PE), a Canadian gold and copper exploration company, climbed 8.3 percent to 13 cents.

--Editor: Glenn J. Kalinoski

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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