Bloomberg News

Chilean Stocks: BCI and Corpbanca Fall; Sigdo Koppers Gains

December 30, 2011

Dec. 30 (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 4,177.53. The MSCI Chile index gained 0.3 percent to 2,267.09.

Banco de Credito & Inversiones (BCI CC), Chile’s fourth largest lender by assets, fell 1.2 percent to 28,789 pesos. The Chilean banking industry’s combined profits through November fell 4.8 percent from a year earlier, according to data from the country’s bank regulator.

Corpbanca (CORPBANC CC) slid 0.4 percent to 6.69 pesos. Mario Chamorro resigned as chief executive officer of Chile’s fifth-largest lender by assets, Corpbanca said in a statement.

Sigdo Koppers SA (SK CC) gained 1.9 percent to 870.11 pesos. The Chilean industrial holding company prepaid a $329 million syndicated loan it secured Oct. 14 for the acquisition of Belgium’s Magotteaux Group, according to a statement posted yesterday on the website of Chile’s securities regulator.

--Editors: Marie-France Han, James Attwood

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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