Bloomberg News

Chilean Stocks: Azul Azul, Cencosud, Falabella, SQM and Vapores

December 15, 2011

Dec. 15 (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 0.5 percent to 4,138.04. The MSCI Chile index gained 0.8 percent to 2,238.47.

Azul Azul SA (AZUL CC) fell 15 percent to 1,600 pesos. The owner of the Universidad de Chile soccer team slumped after rising 89 percent between Oct. 18 and yesterday as the team advanced through the Sudamericana regional soccer tournament. Universidad de Chile won the finals yesterday versus Ecuador’s Liga Deportiva Universitaria de Quito.

Cencosud SA (CENCOSUD CC) rose 0.3 percent to 2,980.3 pesos. Chile’s largest retailer by sales pared yesterday’s 3.1 percent loss after the National Economic Prosecutor confirmed a collusion investigation of supermarket operators Cencosud, SACI Falabella, Walmart Chile SA and SMU SA.

Broker Bice Inversiones sees that any effect from the investigation will be “limited” as the law allows fines of up to $28 million, according to an e-mailed note to clients. Cencosud is expected to report net income of $586 million in 2011, according to data compiled by Bloomberg.

SACI Falabella (FALAB CC) fell 1.2 percent to 4,128.5 pesos.

Cia. Sudamericana de Vapores SA (VAPORES CC), Latin America’s largest container shipping company, increased 0.6 percent to 102.5 pesos. The company’s port operating unit Sudamericana Agencias Aereas & Maritimas SA won the concession to operate the Mexican port of Mazatlan, La Tercera reported yesterday.

Soc. Quimica & Minera de Chile SA (SQM/B CC) retreated 0.2 percent to 26,494 pesos. Chile’s largest fertilizer producer was cut to “underweight” from “equalweight” at Morgan Stanley.

--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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