Bloomberg News

Peru Stocks: Aceros Arequipa, Buenaventura, Candente Were Active

June 08, 2012

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

The Lima General Index (IGBVL) fell 0.3 percent to 20,957.55. The MSCI All Peru Capped Index was little changed at 2,736.79.

Copper producers fell as the metal declined in New York after Federal Reserve Chairman Ben S. Bernanke damped expectations this week of additional U.S. monetary stimulus.

Candente Copper Corp. (DNT) , the Canadian mining exploration company with operations in Peru, fell 13 percent to 53 cents, the lowest since October 2010. Southern Copper Corp. (SCCO:US) , the country’s biggest copper producer, dropped the most in three weeks, losing 1.9 percent to $29.42.

Cia. de Minas Buenaventura SAA (BVN:US) (BVN PE), the country’s biggest precious-metals mining company, climbed 1.2 percent to $40.83, a five-week high. Lima-based Buenaventura said the union at its Orcopampa mine ended a strike that began May 26.

Corp. Aceros Arequipa SA (CORAREI1 PE), the Lima-based steelmaker, rose 1.3 percent to 2.38 soles. Construction growth is “vigorous” and may lead the central bank to revise upward its forecast for 2012 private investment, the bank’s research director Adrian Armas told reporters on a conference call today.

To contact the reporter on this story: John Quigley in Lima at jquigley8@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)
    • $33.49 USD
    • -0.05
    • -0.15%
  • BVN
    (Cia de Minas Buenaventura SAA)
    • $11.95 USD
    • 0.27
    • 2.26%
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