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Economy | 25 June, 2009 [ 08:19 ]

Peru's stock market jumped 2.97 percent amid rising raw material prices


Andina

Peru's stock market indexes ended higher Wednesday, boosted by stronger mineral prices that lifted various mining companies.

The Lima Stock Exchange's broad general index ended 2.97% higher at 12,993.71. The selective blue-chip index ended 3.46% stronger at 21,355.95.

The mining subindex increased 2.93%.

Copper miner Southern Copper Corp. rose 1.2% to end at $20.04 on improving copper prices, while copper miner Sociedad Minera Cerro Verde gained 2.0% at end at $18.10.

Precious metals miner Compania de Minas Buenaventura increased 5.6% to end at 73.91 soles ($24.42) on stronger gold prices.

Zinc miner Compania Minera Volcan increased 6.4% to end at PEN2.51 as zinc prices gained.

Financial holding Credicorp, which owns Peru's largest bank, rose 1.1% to end at $57.00.

The sol ended slightly weaker at PEN3.026 to the U.S. dollar from PEN3.025 in the previous session. So far this year the sol has gained 3.51% against the greenback.

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