Bloomberg News

Peru Stocks: Alicorp, Candente, Credicorp, Rio Alto, Volcan

December 06, 2011

Dec. 6 (Bloomberg) -- The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 4:10 p.m. Lima time.

The Lima General Index fell 0.5 percent to 20,090.29. The MSCI All Peru Capped Index slid 0.9 percent to 2,563.78.

Industrial and banking stocks dropped after Standard & Poor’s said it may downgrade 15 European nations’ credit ratings, said Roberto Flores, head of research at Lima-based brokerage Inteligo SAB.

Credicorp Ltd. (BAP PE), Peru’s largest financial-services company, fell 2 percent to $108. Scotiabank Peru SA (SCOTIAC1 PE), the local unit of Canada’s third-largest bank, declined 1.8 percent to 40.50 soles. Maple Energy Plc (MPLE PE), the oil and natural gas producer with operations in Peru, dropped 1.8 percent to $1.10. Alicorp SA (ALICORC1 PE), Peru’s largest foodstuff maker, slid 1.7 percent to 5.85 soles.

Copper and gold miners slumped after the metals declined in New York.

Candente Copper Corp. (DNT PE), a Canadian mining exploration company with operations in Peru, dropped 5.7 percent to $1.16. Cia. Minera Atacocha SA (ATACOBC1 PE), the Lima-based copper and lead mining company, fell 4.3 percent to 90 centimos. Rio Alto Mining Ltd. (RIO PE), a Canadian gold exploration company, declined 2 percent to $3.36. Volcan Cia. Minera SAA (VOLCABC1 PE), a copper and zinc producer, slid 1.6 percent to 3.05 soles.

--Editor: Marie-France Han

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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