Bloomberg News

Peru Stocks: Cerro Verde, Credicorp, Southern Copper Climb

October 12, 2011

Oct. 12 (Bloomberg) -- The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 11:43 a.m. Lima time.

The Lima General Index rose 1.4 percent to 18,532.21. The MSCI All Peru Capped Index gained 2 percent to 2,449.30.

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 4.3 percent to $102.50, the steepest intraday rise in six weeks. 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.

Southern Copper Corp. (SCCO PE), Peru’s biggest producer of the metal, rose 4.6 percent to $28.13. Sociedad Minera Cerro Verde SA (CVERDEC1 PE), the nation’s third-largest copper producer, climbed 3.6 percent to $35.

--Editors: Marie-France Han, 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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