Peru’s Lima General index rallied 8.5 percent

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Bloomberg
Alexander Ragir and James Attwood

Peru’s Lima General index rallied 8.5 percent to 8,505.27, extending a gain in the last two days to 20 percent after tumbling 37 percent in October.

Cia. de Minas Buenaventura SA, the biggest Peruvian precious-metals producer, surged 16 percent to $14.87, as gold futures rallied. Zinc producer Cia. Minera Atacocha jumped 30 percent to 2.09 soles as the metal gained for a second day in London.

“It’s bargain hunting,” Gustavo Urrutia, head of research at Centura SAB, said by phone from Lima. “There are good prices around after markets were overly punished in the last month.”

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