Bloomberg News

Chilean Stocks: Banco Santander Falls; Cap and Soquimich Advance

October 14, 2011

Oct. 14 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of the close in Santiago.

The Ipsa index fell 0.3 percent to 4,003.63. The MSCI Chile index gained 0.7 percent to 2,252.54.

Banco Santander Chile (BSAN CC) fell 2.8 percent to 35.24 pesos and dropped 4.9 percent since Oct. 7 for its second straight weekly decline. The country’s largest lender by assets was lowered to A+ from AA- at Fitch Ratings.

Cap SA (CAP CC) advanced 2 percent to 17,412 pesos, its highest price since Sept. 20. Chile’s largest iron miner and steel producer rose in line with global base metal prices.

Soc. Quimica & Minera de Chile SA (SQM/B CC) gained 1.9 percent to 27,200 pesos. Chile’s largest fertilizer producer was the most active on the Ipsa today by value, with 8.1 billion pesos ($16 million) changing hands, according to data from the Santiago stock exchange. The company rose in line with agricultural commodity prices, which signals higher demand for its products.

--Editors: Richard Richtmyer, Glenn J. Kalinoski

To contact the reporters on this story: James Attwood in Santiago at jattwood3@bloomberg.net; 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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