Bloomberg News

Chilean Stocks: Aquachile, Cap, Corpbanca and Empresas La Polar

October 17, 2011

Oct. 17 (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 rose 0.1 percent to 4,008.43. The MSCI Chile index fell 0.4 percent to 2,242.61.

Cap SA (CAP CC) fell 1.3 percent to 17,193 pesos. Chile’s largest steel producer and iron miner dropped as base metal prices declined.

Corpbanca (CORPBANC CC) rose 0.7 percent to 6.753 pesos, its highest price in five weeks. Chile’s fourth-largest lender by market value reported net income of 96.9 billion pesos ($192 million) in the first nine months of the year, according to preliminary results posted on the bank’s website. Profit rose from 92.3 billion pesos in the same period a year earlier.

Empresas Aquachile SA (AQUACHIL CC) rose 2.9 percent to 324 pesos, its eighth day of gains and its longest winning streak since the company listed shares in May. Chile’s biggest salmon producer plans to invest in Asia, newspaper El Mercurio reported, citing Victor Hugo Puchi, the company’s chairman and founder.

Empresas La Polar SA (LAPOLAR CC) fell 4.3 percent to 409.76 pesos. The department store operator denied a report today from Diario Financiero that said the company may run out of cash to fund its operations by Nov. 15.

Parque Arauco SA (PARAUCO CC) fell 2.3 percent to 874.65 pesos, its biggest drop in two weeks. The shopping center builder and operator announced Oct. 14 the resignation of its Chief Executive Officer Andres Olivos.

--Editor: 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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