Bloomberg News

Peru Stocks: Buenaventura, Minsur, Pomalca, Southern

April 24, 2012

The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses, and share prices are as of the close of trade in Lima.

The Lima General Index (IGBVL) was little changed at 22,945.72. The MSCI All Peru Capped Index gained 0.2 percent to 2,919.86.

Minsur SA (MINSURI1) (MINSURI1 PE), the world’s fourth-largest tin producer, owned by the Brescia Group, rose for the first time in five days, gaining 2.8 percent to 2.90 soles after tin rebounded in London. Another Brescia unit, Cumbres Andinas, said it will buy CST Mining Group Ltd.’s 70 percent stake in the Mina Justa copper deposit on the southern Peruvian coast.

Southern Copper Corp. (SCCO:US) , Peru’s biggest copper producer, climbed 2.6 percent to $31.30 after copper advanced in New York and the company announced a quarterly dividend of 53 cents per share payable May 24 to shareholders of record on May 11.

Empresa Agroindustrial Pomalca SA (POMALCC1 PE), a sugar producer, rose 1.7 percent to 59 centimos after sugar futures advanced in New York.

Grana y Montero SA (GRAMONC1 PE), Peru’s largest construction firm, gained 1.7 percent to 9 soles. The shares rose on prospects for growth in the construction industry, said Marco Contreras, an analyst at Lima-based brokerage Kallpa Securities SAB.

Cia. de Minas Buenaventura SAA (BVN:US) (BVN PE), the country’s biggest precious-metals miner, dropped 1.7 percent to $40.40 after opponents of the company’s Minas Conga gold project gave the government a May 30 deadline to cancel authorization for the mine.

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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Companies Mentioned

  • SCCO
    (Southern Copper Corp)
    • $28.82 USD
    • 0.20
    • 0.69%
  • BVN
    (Cia de Minas Buenaventura SAA)
    • $11.11 USD
    • -0.10
    • -0.9%
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