Bloomberg News

Chilean Stocks: Antarchile, Cap, Copec, Entel and La Polar

November 07, 2011

Nov. 7 (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 1.7 percent to 4,343.72. The MSCI Chile index retreated 1.1 percent to 2,449.20.

Antarchile SA (ANTAR CC), controller of Empresas Copec SA, Chile’s largest pulp exporter, rose 4.5 percent to 8,467 pesos, the biggest gain since Oct. 27. A unit of Copec agreed Nov. 4 to pay $473.5 million jointly with Brazil’s Klabin SA to buy 107,000 hectares of forest land in Brazil.

Empresas Copec SA (COPEC CC) gained 2.6 percent to 7,676.8 pesos, its highest price in 14 weeks.

Cap SA (CAP CC) rose 2.3 percent to 18,900 pesos. Chile’s largest steel producer and iron miner posted a 75 percent increase in third-quarter profit to $143 million from $82 million a year earlier, according to a filing sent Nov. 4 to regulators.

Empresas La Polar SA (LAPOLAR CC) fell 2.6 percent to 450 pesos, ending a three-day winning-streak in which it rose a record 42 percent. Creditors of the department store operator approved today a debt restructuring plan that would avert the company’s second bankruptcy in 12 years.

Empresa Nacional de Telecomunicaciones SA (ENTEL CC) rose 1.8 percent to 9,859 pesos, the biggest gain in four weeks. Chile’s second-largest mobile telephone operator posted profit in the first nine months of the year of 150 billion pesos ($300 million), up from 125 billion pesos a year ago, according to a filing sent today to regulators.

--Editors: Richard Richtmyer, 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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