Bloomberg News

Chilean Stocks: CMPC, Santander Chile, Empresas La Polar

October 13, 2011

Oct. 13 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 4:13 p.m. in Santiago.

The Ipsa index rose 0.3 percent to 4,016.46. The MSCI Chile index slid 0.7 percent to 2,236.41.

Banco Santander Chile (BSAN CC), the country’s largest lender, fell 0.4 percent to 36.26 pesos. The bank’s Madrid-based controller slumped along with other European banking stocks on speculation policy makers will require lenders to raise more capital.

Empresas CMPC SA (CMPC CC) dropped 1.3 percent to 1,854.2 pesos after five days of gains. Chile’s second-biggest pulp exporter declined along with prices of raw materials amid concern that Europe’s lingering sovereign-debt crisis may hamper demand.

Empresas La Polar SA (LAPOLAR CC) rose 16 percent to 441.41 pesos, its biggest increase in almost four months. The department store operator rose on speculation it will join with a strategic partner that will help avert its second bankruptcy in 12 years, Francisco Obilinovic, an analyst at Banco Penta, said in an interview.

--Editors: James Attwood, Richard Richtmyer

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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