Bloomberg News

Chilean Stocks: Lan Airlines, Ripley and Soquimich Were Active

February 27, 2012

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 (IPSA) index fell 0.4 percent to 4,495.32. The MSCI Chile (MXCL) index retreated 0.3 percent to 2,610.60.

Lan Airlines SA (LAN) retreated 0.7 percent to 12,915 pesos, its third day of losses and its longest losing streak in two months. Latin America’s largest airline by market value was the most active stock by value today in Santiago, with 11.7 billion pesos ($24 million) changing hands. It fell in line with European markets after the Group of 20 nations rebuffed calls from the euro area for more bailout funding.

Ripley Corp SA (RIPLEY) , Chile’s third-largest department store operator, rose 0.4 percent to 554.91 pesos. Banco Santander SA said a fire that destroyed one of Ripley’s stores in southern Chile is a “non-event” for the stock price.

Soc. Quimica & Minera de Chile SA (SQM/B CC), Chile’s largest fertilizer producer, dropped 0.8 percent to 28,509 pesos. Wholesale potash inventories in the U.S. reached the highest level since December 2009, which suggests weaker supply and demand imbalances, Bloomberg Industries wrote in a report.

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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