Bloomberg News

Peru Stocks: Aceros Arequipa, Buenaventura, Edegel, Southern

December 29, 2011

Dec. 27 (Bloomberg) -- The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and prices are as of 4:10 p.m. Lima time.

The Lima General Index fell 0.3 percent to 19,398.51. The MSCI All Peru Capped Index dropped 0.4 percent to 2,517.46.

Industrial stocks fell on investor concern Europe’s debt crisis will show signs of worsening when Italy sells bonds tomorrow, said Eduardo Noriega, a trader at Lima-based brokerage Coril SAB.

Corp. Aceros Arequipa SA (CORAREI1 PE), the Lima-based steelmaker, dropped 2 percent to 1.92 soles. Edegel SA (EDEGELC1 PE), the Peruvian unit of Spain’s Endesa SA, declined 1.7 percent to 1.72 soles. Cementos Lima SA (CEMLIMC1 PE), the country’s biggest cement maker, fell 1.5 percent to 2.03 soles. Refineria la Pampilla SA (RELAPAC1 PE), a unit of Repsol YPF SA, slid 1.1 percent to 88 centimos.

Mining shares slumped after metals declined in New York and London.

Southern Copper Corp. (SCCO PE), Peru’s biggest copper producer, fell 2.5 percent to $30.70. Cia. de Minas Buenaventura SAA (BVN PE), the country’s biggest precious-metals miner, dropped 1.8 percent to $39. Cia. Minera Atacocha SA (ATACOBC1 PE), the Lima-based copper and lead mining company, declined 1.2 percent to 82 centimos. Minsur SA (MINSURI1 PE), the world’s fourth-largest tin producer, fell 1.1 percent to 2.60 soles

--Editor: Brendan Walsh

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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