TSXV:NORA.H - Post by User
Comment by
flymaron Jun 07, 2011 3:22am
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Post# 18679349
RE: RE: today's spike
RE: RE: today's spikeLIMA (AFP) – A repeated halt in trade on Peru's stock exchange wasnot enough to stem record losses Monday, as markets gave a quick andnegative reaction to a leftist's apparent victory in presidentialelections.
Shares plummeted a record 12.5 percent and world silver prices rose onepercent as Ollanta Humala's win sparked fears of Venezuela-styleupheaval in a country that is a vital supplier of precious metals to theglobal market.
Billions of dollars were wiped off the value of some of the country'sbiggest companies, prompting regulators to try to stop the bloodbathwith an early-session halt in trade and a premature market close.
regards flymar