Bloomberg News

Chilean Stock Movers: Cencosud, CMPC, Multiexport, Sigdo Koppers

February 09, 2012

Feb. 9 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of the close.

The Ipsa index gained 1 percent to 4,403.48. The MSCI Chile index rose 0.5 percent to 2,572.78.

Cencosud SA (CENCOSUD CC) climbed the most in two months, gaining 3.7 percent to 3,038.50 pesos. Chile’s biggest retailer is talking with investment banks about a possible sale of American depositary receipts as part of a capital increase approved by shareholders in April, Cencosud said in a regulatory filing.

Empresas CMPC SA (CMPC CC) advanced 2.3 percent to 2,103 pesos. Chile’s second-biggest pulp exporter rose along with other natural resource companies after Greek politicians reached a deal on austerity measures needed to qualify for international rescue funds, boosting prospects for global growth and commodity demand.

Multiexport Foods SA (MULTIFOO CC), a Chilean salmon farmer, fell 2.4 percent to 132.8 pesos. UBS AG analysts recommended selling Marine Harvest ASA, the world’s biggest salmon farmer, saying the risks to fish prices are on the downside.

Sigdo Koppers SA (SK CC) gained for a record ninth straight day, rising 1 percent to 1,060 pesos. The owner of companies that make explosives and provide services to the mining industry has rallied 14 percent since Jan. 20 when it completed a 224 billion-peso ($471 million) rights offering as the company seeks to tap an estimated $67 billion in planned mining investments in Chile this decade. The capital increase is encouraging more brokerages to cover the stock, raising the company’s profile among investors, said Rodolfo Tapia, an analyst at Banco Penta.

--Editors: Glenn J. Kalinoski, Richard Richtmyer

To contact the reporter on this story: James Attwood in Santiago at

To contact the editor responsible for this story: David Papadopoulos at

The Aging of Abercrombie & Fitch
blog comments powered by Disqus