Bloomberg News

Peru Stocks: Atacocha, Candente, Rio Alto Were Active

July 05, 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 trading.

The Lima General Index (IGBVL) fell 0.3 percent to 20,661.89. The MSCI All Peru Capped Index declined 0.3 percent to 2,769.94.

Copper and zinc producers fell as the metals declined in New York after the U.S. added more workers than forecast in June, reducing pressure on the Federal Reserve to loosen monetary policy.

Candente Copper Corp. (DNT) , the Canadian mining exploration company with operations in Peru, dropped the most in four weeks, falling 3.6 percent to 53 cents. Cia. Minera Atacocha SA (ATACOBC1 PE), the Lima-based silver and zinc mining company, slid 2.2 percent to 45 centimos.

Rio Alto Mining Ltd. (RIO) , a Canadian gold exploration company, declined the most in a week, weakening 1.2 percent to $4.15. Gold prices fell as a rebound in the U.S. dollar eroded the appeal of the metal as an alternative investment.

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


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus