Bloomberg News

Chilean Stocks: Banco Santander, Concha & Toro and Empresas CMPC

March 29, 2012

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 fell 0.4 percent to 4,650.07. The MSCI Chile index (MXCL) retreated 0.5 percent to 2,632.12.

Banco Santander Chile (BSAN) (BSAN CC), the country’s largest bank, slid 0.4 percent to 40.09 pesos. Santander’s Spanish parent company dropped along with European markets after Standard & Poor’s said Greece may have to restructure its debt again and more Americans than forecast filed claims for jobless benefits.

Empresas CMPC SA (CMPC) (CMPC CC) fell the most in a week, losing 0.6 percent to 2,100.5 pesos. Chile’s second-biggest pulp producer was cut to “underperform” at Banco Santander SA, citing an overreaction to pulp price increases.

Vina Concha (CONCHA) & Toro SA (CONCHA CC) dropped 2.9 percent to 1,105.5 pesos, the steepest decline since Oct. 4. Fourth-quarter earnings before interest, taxes, depreciation and amortization of 16.1 billion pesos ($31.1 million) missed the 19.7 billion- peso average estimate of three analysts surveyed by Bloomberg.

To contact the reporter on this story: James Attwood in Santiago at jattwood3@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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