The Lima stock exchange played a maximum of two months - journal management

18 The Peruvian stock market advanced a 1.04% at the end of its operations.
Bolsa de Valores de Lima (BVL) rose 1%, to a maximum of two months, underpinned by a rise in prices of metals and good financial statements for the second quarter, operators said.
The Lima stock exchange general index climbed a 1.04% to 22,307.17 points, its best level since May 27, while the index which brings together the leading roles, advanced a 1.47% to 30,857.88 points. Meanwhile, the index Inca which includes roles more fluid won a 1.24% to 113.31 points.
"Investors are encouraged to enter the market for good balance sheets that have gone out and given to expected no major change in the speech of the President elect (Ollanta Humala) after it has been doing in the Cabinet", said Javier Frisancho Kallpa Securities sat operator.
Cerro Verde, one of the largest producers of copper Peru, reported that its usefulness more that doubled in the second quarter versus the same period of last year, driven by an upswing in sales and prices of copper.
The President-elect, Ollanta Humala, will assume power on July 28 and investors expect continue showing restraint in its guidelines as it did with the ratification of the respected Julio Velarde in the Presidency of the central bank and the appointment of his Cabinet.
"Today (Tuesday), the copper and zinc operated upward, there was a weaker dollar and investors bought the perspectives of these metals", added Frisancho.
Copper traded in London (LME) closed with a rise of 165 dollars to 9,820 dollars per tonne, as a strike at the Chilean Escondida mine, the largest global copper mine.
In the local square, the actions of the cupríferas Southern Copper climbed a 1.59 per cent to 36.5 dollars and Cerro Verde advanced a 4.74% to 45.3 dollars.
The roles of the producer of zinc and silver volcano won a 1.9% to 3.25 soles and the values of the producer of precious metals Buenaventura added 1.6% to 42.7 dollars.
The Peruvian stock market, which had accumulated in a time of year a fall of up to 20% by the electoral context, now recorded a loss of 4.6% since the beginning of 2011.
REUTERS - 26/07/11