Fujimori in runoff with Humala
With 80% of the votes counted it looks certain that Keiko Fujimori will face Ollanta Humala in the second round runoff for the presidential election.
Ollanta Humala has 30.456% of the vote with Keiko Fujimori in second place on 23.082%.
Pedro Pablo Kuczynski who made a late surge in the election is on 20.082% and looks unlikely to make up the deficit.
The frontrunner for much of the campaign, Alejandro Toledo is on 15.154%.
An Ipsos Apayo poll conducted earlier in the campaign looked at likely scenarios between the five leading candidates at that time. This suggested that if the runoff was between Keiko Fujimori and Ollanta Humala, then 43% would vote for Fujimori and 33% would vote for Humala.
In the 2006 presidential election Ollanta Humala received 30.616% of the vote in the first round and went on to take 47.375 in the second round, being beaten by current president Alan Garcia on 52.625%.
Although the first round vote is around the same for Humala in this 2011 election, there will be jitters in the financial markets at his strong performance against some tough opponents.