Bloomberg News

Peru Stocks: Austral Gains; Alturas, Buenaventura, Volcan Fall

October 17, 2011

Oct. 17 (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 fell 0.9 percent to 18,723.34. The MSCI All Peru Capped Index dropped 1.5 percent to 2,458.88.

Mining companies declined as copper and zinc fell on concern Europe’s debt crisis will damp global growth and curtail demand for industrial metals. Gold also declined.

Cia. de Minas Buenaventura SAA (BVN PE), Peru’s biggest precious-metals miner, slid 2.2 percent to $40.60, a one-week low. Southern Copper Corp. (SCCO PE), the country’s biggest producer of the metal, fell 1.9 percent to $27.70. Volcan Cia. Minera SAA (VOLCABC1 PE), Peru’s largest zinc producer, fell 1.9 percent to 2.55 soles. Rio Cristal Resources Corp. (RCZ PE), a Canadian exploration company, dropped the most in almost two weeks, retreating 7.1 percent to 13 cents. Alturas Minerals Corp. (ALT PE), a Canadian gold and copper exploration company, fell 7.7 percent to 12 cents.

Austral Group SA (AUSTRAC1 PE), Peru’s biggest fishmeal producer, advanced 3.7 percent to 28 centimos after earlier climbing 7.4 percent. The Lima-based unit of Norway’s Austevoll Seafood ASA gained after Peru’s national statistics agency said an increase in fishing catches spurred an 83 percent rise in the country’s fishing output in August compared with a year earlier.

--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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