Bloomberg News

Chile Stocks: Azul, Banco de Chile, Cap, Provida, Sigdo Koppers

October 20, 2011

Oct. 20 (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 4,075.21. The MSCI Chile index declined 1.9 percent to 2,230.48.

AFP Provida SA (PROVIDA CC) rose 0.4 percent to 2,108 pesos, the highest price in seven weeks. Chile’s largest pension fund manager by assets announced the resignation of Joaquin Vial as chairman, naming Joaquin Cortez as his replacement.

Azul Azul SA (AZUL CC) surged a record 29 percent to 1,213.7 pesos. The Universidad de Chile soccer team, which is owned by Azul Azul, defeated Brazilian rival Flamengo yesterday in Rio de Janeiro in the Copa Sudamericana tournament.

Banco de Chile (CHILE CC), the country’s second-largest lender, rose 2.7 percent to 64.7 pesos, its biggest increase in three weeks. Fitch Ratings assigned today ratings to a $3.1 billion shelf of inflation-linked bonds from the lender, according to a statement from the credit rating company.

Cap SA (CAP CC) retreated 0.8 percent to 17,302 pesos. Chile’s largest iron miner and steel producer fell along with industrial metal prices on concern that demand may wane as Europe’s debt crisis lingers and companies question the strength of the U.S. economic rebound.

Sigdo Koppers SA (SK CC) rose 1.7 percent to 774.72 pesos. The Chilean industrial holding company completed the acquisition of Belgian mining equipment producer Magotteaux Group SA, according to a statement posted yesterday on the website of Chile’s securities regulator.

--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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