Bloomberg News

Chilean Stocks: Cap, Lan Airlines Fall; Falabella, Ripley Rise

September 28, 2011

Sept. 28 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 3:14 p.m. New York time.

The Ipsa index fell 0.6 percent to 3,901.40. The MSCI Chile index retreated 1.3 percent to 2,168.89.

Cap SA (CAP CC) fell 1.9 percent to 15,756 pesos, the biggest loss in a week. Chile’s iron miner and steel producer declined as base metal prices retreated on concern that stagnating global growth will reduce demand for raw materials.

Lan Airlines SA (LAN CC) retreated 2.7 percent to 11,774 pesos, its lowest price in six weeks. Latin America’s largest airline by market value will ask Chile’s antitrust court to review data used in its evaluation of a proposed takeover of Brazil’s Tam SA, according to a statement e-mailed yesterday.

SACI Falabella (FALAB CC) gained 0.6 percent to 4,091.1 pesos, its third day of gains. The retailer, Chile’s largest publicly traded company, was rated “overweight” at Barclays Plc by analyst Matthew McClintock.

Ripley Corp SA (RIPLEY CC) rose 0.7 percent to 420.68 pesos, its second day of gains. Chile’s third-largest department store operator was assigned an “overweight” rating by McClintock.

--Editors: James Attwood, Glenn J. Kalinoski

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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