Bloomberg News

Chilean Stocks: Azul Azul, Santander Chile, Lan, Ripley, Sonda

October 25, 2011

Oct. 25 (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 retreated 1.4 percent to 4,139.38. The MSCI Chile index fell 0.2 percent to 2,328.84.

Azul Azul SA (AZUL CC) rose 0.8 percent to 2,418.6 pesos after trading in the stock was temporarily suspended following gains of as much as 23 percent. The company said in a statement it didn’t know of any circumstances that could explain the increase. The owner of the Universidad de Chile soccer team has gained 157 percent since defeating Brazilian rival Flamengo in Rio de Janeiro in the Sudamericana Cup tournament on Oct 19 after the close of trading.

Banco Santander Chile (BSAN CC) fell 1.2 percent to 38.02 pesos. Chile’s largest lender was cut to “underweight” from “neutral” at JPMorgan Chase & Co.

Lan Airlines SA (LAN CC) fell 1.7 percent to 11,670 pesos. Latin America’s largest airline by market value will report third-quarter earnings after the close today. Lan also sees cargo revenue growth slowing to between 8 percent and 10 percent in 2012, Cristian Ureta, Chief Executive Officer of Lan’s cargo operations, said in an interview yesterday.

Ripley Corp SA (RIPLEY CC) rose 0.6 percent to 479 pesos, its third day of gains. Chile’s third-largest department store operator is considering opening stores in Colombia, El Mercurio wrote.

Sonda SA (SONDA CC) retreated 0.5 percent to 1,194.4 pesos. Chile’s largest information technology company announced third- quarter profit of 4.36 billion pesos ($8.6 million), according to a statement posted last night on the website of Chile’s securities regulator. Net income fell from 9.3 billion pesos a year earlier, the statement said.

--Editors: Glenn Kalinoski, Brendan Walsh

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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