Monday, April 11, 2011

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LIMA STOCK EXCHANGE AFTER SUFFERING FALL ELECTION RESULTS

The Lima Stock Exchange (LSE) suffered a major setback on Monday as electoral uncertainty after the elections on Sunday that result in the imminent passing of Ollanta Humala and Keiko Fujimori to run-off.

squares agents told Reuters that there is uncertainty about candidates' populist proposals as a tax on profits extraordinary mining companies, whose shares have great weight in the stock market.

Thus, the BVL general index fell 3.1% to 20,588.69 points, its lowest level since March 18. While the selective index, which groups leading roles, lost 3.33% to 28,215.63 points. For its part, the Inca, comprising the most liquid stock market fell 3.54% to 109.34 points.

The stock dropped despite an advance in prices for base metals worldwide. The actions of the Cerro Verde copper and Southern Copper fell 4.7%, to $ 41, and 3.68%, to $ 38, respectively.

roles of silver and zinc producer Volcan slid 2.59% to 3.76 soles, and Buenaventura shares fell 2.78% to 41.6 dollars.

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