Bloomberg News

Peru Stocks: Aceros Arequipa, Austral, Candente, Southern Copper

December 13, 2011

Dec. 13 (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. New York time.

The Lima General Index fell for a fifth session, losing 0.7 percent to 19,587.19. The MSCI All Peru Capped Index fell 1.2 percent to 2,496.91.

Industrial and banking stocks declined on investor uncertainty that European leaders will be able to solve the region’s debt crisis, said Estefany Castillo, an analyst at Scotiabank Peru.

Austral Group SA (AUSTRAC1 PE), a unit of Austevoll Seafood ASA, fell 3.6 percent to 27 centimos. Corp. Aceros Arequipa SA (CORAREI1 PE), the Lima-based steelmaker, dropped 2.8 percent to 2.10 soles. Intergroup Financial Services Corp. (IFS PE), the owner of Peru’s fourth-largest bank, Interbank, declined 1.9 percent to $25.50. Luz del Sur (LUSURC1 PE), Peru’s largest electricity distributor, slid 1.5 percent to 6.41 soles.

Copper miners slumped as futures fell for the fifth day in six in New York.

Alturas Minerals Corp. (ALT PE), a Canadian copper and gold exploration company, fell 10 percent to 9 cents. Southern Copper Corp. (SCCO PE), the country’s biggest producer of the metal, declined 6.8 percent to $29.60. Candente Copper Corp. (DNT PE), a Canadian exploration company, fell 4.8 percent to 99 cents. Panoro Minerals Ltd. (PML PE), a Canadian copper and gold exploration company, fell 2.6 percent to 37 cents.

--Editor: Glenn J. Kalinoski

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


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus