Bloomberg News

Peru Stocks: Austral, Ferreyros, Minera IRL, Maple, Siderperu

November 02, 2011

Nov. 2 (Bloomberg) -- The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 1:19 p.m. New York time.

The Lima General Index fell for a second session, losing 0.8 percent to 19,476.38. The MSCI All Peru Capped Index slid 0.1 percent to 2,558.86.

Industrial and mining stocks dropped on investor doubts that Europe will be able to finance a Greek bailout, said Inteligo SAB portfolio manager Gonzalo Alvarez.

Empresa Siderurgica del Peru SAA (SIDERC1 PE), the Gerdau SA unit known as Siderperu, declined 5 percent to 96 centimos. Maple Energy Plc (MPLE PE), the oil and natural gas producer with operations in Peru, fell 3.6 percent to $1.07. Austral Group SA (AUSTRAC1 PE), a unit of Austevoll Seafood ASA, dropped 3.3 percent to 29 centimos. Minera IRL Ltd. (MIRL PE), a U.K. minerals explorer with a gold mine in Peru, slid 2.7 percent to $1.08. Ferreyros SA (FERREYC1 PE), the Lima-based distributor for Caterpillar Inc., fell 2.5 percent to 2.37 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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