Credicorp Ltd. (BAP) moved big last session, as its shares jumped a little over 6% on the day.
Let's see what's in store for these companies scheduled to report results on Aug 8 - Credicorp Ltd. (BAP), PRA Group, Inc. (PRAA), LendingClub Corporation (LC), Main Street Capital Corporation (MAIN)
Emerging market funds are on track to post the first annual net outflow in 27 years.
Peru stocks were higher after the close on Friday, as gains in the Food&Beverages, Banking&Financials and Non-Metal Minerals sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.47%. The best performers of the session on the S&P Lima General were Alicorp (LM:ALI), which rose 2.02% or 0.100 points to trade at 5.050 at the close. Meanwhile, Minera Irl (LM:IRL) unchanged 0% or 0 points to end at 0.05 and Credicorp (LM:BAP) was up 1.75% or 1.900 points to 110.600 in late trade. The worst performers of the session were Volcan Minera (LM:VOL_pb), which fell 2.50% or 0.010 points to trade at 0.390 at the close. Atacocha (LM:ATB) declined 2.44% or 0.004 points to end at 0.160 and Bco Continenta (LM:CON) was down 0.94% or 0.030 points to 3.170. Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 8 to 7 and 10 ended unchanged. Crude oil for October delivery was down 2.53% or 1.16 to $44.76 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 1.60% or 0.78 to hit $48.11 a barrel, while the December Gold contract fell 0.23% or 2.50 to trade at $1106.80 a troy ounce. USD/PEN was down 0.14% to 3.2155, while EUR/PEN rose 0.71% to 3.6281. The US Dollar Index was down 0.39% at 95.18.
Peru stocks were lower after the close on Tuesday, as losses in the S&P Lima Juniors, Industrials and Mining sectors led shares lower. At the close in Lima, the S&P Lima General lost 0.62% to hit a new 3-years low. The best performers of the session on the S&P Lima General were Minera Irl (LM:IRL), which unchanged 0.00% or 0.00 points to trade at 0.06 at the close. Meanwhile, Credicorp (LM:BAP) added 1.15% or 1.500 points to end at 132.000 and Austral Group SAA (LM:AUG) was up 0.61% or 0.010 points to 1.660 in late trade. The worst performers of the session were Panoro (LM:PML), which fell 15.00% or 0.015 points to trade at 0.085 at the close. Atacocha (LM:ATB) declined 13.71% or 0.024 points to end at 0.151 and Volcan Minera (LM:VOL_pb) was down 10.00% or 0.050 points to 0.450. Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 19 to 4 and 5 ended unchanged. Shares in Panoro (LM:PML) fell to 3-years lows; down 15.00% or 0.015 to 0.085. Shares in Volcan Minera (LM:VOL_pb) fell to all time lows; losing 10.00% or 0.050 to 0.450. Crude oil for September delivery was up 0.14% or 0.07 to $45.92 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.04% or 0.02 to hit $50.20 a barrel, while the December Gold contract unchanged 0.00% or 0.00 to trade at $1087.50 a troy ounce. USD/PEN was up 0.19% to 3.1935, while EUR/PEN fell 0.28% to 3.4988. The US Dollar Index was up 0.00% at 98.05.
Peru stocks were higher after the close on Monday, as gains in the Banking&Financials, Food&Beverages and Electricity sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.61%. The best performers of the session on the S&P Lima General were Trevali Mining (LM:TV), which rose 12.12% or 0.080 points to trade at 0.740 at the close. Meanwhile, Aceros Arequip (LM:AREi) added 2.50% or 0.010 points to end at 0.400 and Credicorp (LM:BAP) was up 1.65% or 2.300 points to 141.950 in late trade. The worst performers of the session were Volcan Minera (LM:VOL_pb), which fell 3.23% or 0.020 points to trade at 0.600 at the close. Cem Pacasmayo (LM:CPA) declined 0.99% or 0.050 points to end at 5.000 and Sociedad Minera el Brocal SAA (LM:BRO) was down 0.58% or 0.040 points to 6.840. Rising stocks outnumbered declining ones on the Lima Stock Exchange by 14 to 7 and 7 ended unchanged. Crude oil for August delivery was down 0.07% or 0.04 to $52.13 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.06% or 0.04 to hit $58.25 a barrel, while the August Gold contract fell 0.11% or 1.30 to trade at $1156.70 a troy ounce. USD/PEN was down 0.20% to 3.1735, while EUR/PEN fell 0.63% to 3.5212. The US Dollar Index was up 1.02% at 96.93.
Peru stocks were higher after the close on Wednesday, as gains in the Mining, Electricity and Services sectors led shares higher. At the close in Lima, the S&P Lima General rose 0.47%. The best performers of the session on the S&P Lima General were Buenaventura (LM:BVN), which rose 1.25% or 0.130 points to trade at 10.540 at the close. Meanwhile, Credicorp (LM:BAP) added 1.06% or 1.500 points to end at 142.500 and Milpo (LM:MIL) was up 0.39% or 0.010 points to 2.590 in late trade. The worst performers of the session were Sider (LM:SID), which fell 2.63% or 0.005 points to trade at 0.185 at the close. Minera Irl (LM:IRL) unchanged 0% or 0 points to end at 0.09 and Unacem (LM:CEL) was down 2.00% or 0.050 points to 2.450. Falling stocks outnumbered advancing ones on the Lima Stock Exchange by 13 to 10 and 11 ended unchanged. Crude oil for August delivery was down 1.20% or 0.73 to $60.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.31% or 0.84 to hit $63.60 a barrel, while the August Gold contract fell 0.20% or 2.40 to trade at $1174.20 a troy ounce. USD/PEN was down 0.16% to 3.1745, while EUR/PEN rose 0.22% to 3.5619. The US Dollar Index was down 0.17% at 95.44.
Following a nice run for Peru's Credicorp (BAP -0.4%), the team at JPMorgan takes some chips off the table, downgrading the stock to Neutral, though boosting the price target by $2 to $175.The stock has gained 20% over the last four months alongside a nice move in emerging markets and Peru. Post your comment!
Credicorp Ltd. (BAP) was a big mover last session, as the company saw its shares rise over 5% on the day.
Credicorp (BAP) Enters Overbought Territory
Can Credicorp (BAP) Continue to Rise?
BBVA sees a big growth opportunity in Peru, where banking penetration reaches just 30% of the population despite a financial system that's grown along with the economy. Mobile banking has the potential to greatly increase this number (75% of population has a cell phone) and the E-Money Act passed last year should help as a catalyst.A Peruvian bank traded in the states is Credicorp (BAP). Post your comment!
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