Bloomberg News

Chilean Stocks: Entel, La Polar, Lan, Multiexport, Salfacorp

September 30, 2011

Sept. 30 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 3:04 p.m. New York time.

The Ipsa index fell 0.7 percent to 3,874.81. The MSCI Chile index retreated 1.6 percent to 2,104.53.

Empresas La Polar SA (LAPOLAR CC) rose 8.6 percent to 427.8 pesos. The department-store operator has gained 24 percent in the last two days after Diario Financiero reported yesterday it’s attracting the interest of prospective local and foreign “strategic” investors.

Empresa Nacional de Telecomunicaciones SA (ENTEL CC) advanced 1.5 percent to 9,986.3 pesos, its highest price in a week. Chile’s second-largest mobile phone operator was reiterated “buy” at Banchile-Citi, the joint research department of Banco de Chile and Citigroup Inc.

Lan Airlines SA (LAN CC) fell 2.2 percent to 10,998 pesos, its third day of losses. Latin America’s largest airline by market value retreated in line with global equity markets which slumped on concerns of slower global growth.

Multiexport Foods SA (MULTIFOO CC) gained 2.4 percent to 129.81 pesos, the most in a week. The only Chilean salmon farmer in the Ipsa benchmark index is in talks to resume sales to Wal- Mart Stores Inc., its chief executive officer, Andres Lyon said in an interview.

Salfacorp SA (SALFACOR CC) fell 5.9 percent to 1,363.9 pesos, the most in seven weeks. Chile’s largest construction and engineering group led losses among members of the Ipsa index after it announced the resignation of Rodrigo Santa Maria as Chief Financial Officer and the appointment of Fernando Poch as interim CFO, according to a statement posted on the website of Chile’s securities regulator.

--Editors: Brendan Walsh, 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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