Bloomberg News

Chilean Stocks: Banco de Credito, Norte Grande and Sonda

April 24, 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 index advanced 0.3 percent to 4,565.20. The MSCI Chile index rose 1.1 percent to 2,589.97.

Banco de Credito & Inversiones (BCI CC) increased 1.8 percent to a record 36,399 pesos on a closing basis. Banco de Credito del Peru, which owns a stake in Chile’s fourth-largest lender by assets, agreed to acquire at least 61 percent of the Santiago-based brokerage firm IM Trust SA.

Norte Grande SA (NORTEG) fell 5.2 percent to a 10-week low of 5.78 pesos. The holding company, whose main asset is an indirect stake in fertilizer producer Soc. Quimica & Minera de Chile SA, has fallen 8.3 percent in the past two days after the securities regulator ordered the company to resubmit 2011 results.

Sonda SA (SONDA) rose 0.6 percent to 1,419 pesos. Chile’s biggest information technology company reported first- quarter net income of 12.2 billion pesos, compared with 12 billion pesos a year earlier, according to data posted on the securities regulator’s website.

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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