Bloomberg News

Peru Stocks: Aceros Arequipa, Credicorp, Panoro, Telefonica

February 21, 2012

Feb. 21 (Bloomberg) -- The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 11:50 a.m. Lima time.

The Lima General Index rose for a fifth session, gaining 0.7 percent to 22,758.18. The MSCI All Peru Capped Index climbed 0.8 percent to 2,869.83.

Industrial and banking stocks gained after European leaders agreed on a debt bailout for Greece, said Estefany Castillo, an analyst at Scotiabank Peru.

Corp. Aceros Arequipa SA (CORAREI1 PE), the Lima-based steelmaker, rose 3.4 percent to 2.40 soles. Telefonica del Peru SAA (TELEFBC1 PE), the local unit of Telefonica SA, advanced 2.1 percent to 2.45 soles. Edegel SA (EDEGELC1 PE), the Peruvian unit of Spain’s Endesa SA, gained 2.1 percent to 1.98 soles. Credicorp Ltd. (BAP PE), Peru’s largest financial-services company, climbed 1.6 percent to $122.50.

Copper, gold and tin miners gained after metals advanced in New York and London.

Panoro Minerals Ltd. (PML PE), a Canadian copper and gold exploration company, rose 3.1 percent to 66 cents. Southern Copper Corp. (SCCO PE), Peru’s biggest producer of the metal, climbed 2.3 percent to $32.85. Minsur SA (MINSURI1 PE), the world’s fourth-largest tin producer, gained 2.3 percent to 3.10 soles. Sociedad Minera Cerro Verde SA (CVERDEC1 PE), a unit of Freeport-McMoRan Copper & Gold Inc., advanced 2.3 percent to $40.50. Cia. de Minas Buenaventura SAA (BVN PE), the country’s biggest precious-metals miner, rose 1.8 percent to $42.05. The company is scheduled to report fourth-quarter earnings Feb. 28.

--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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