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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 fell 0.1 percent to 4,236.99. The MSCI Chile index (MXCL) gained 0.2 percent to 2,285.21. Markets were closed yesterday for a local holiday.
Azul Azul SA (AZUL) rose 8.3 percent to a record 2,552 pesos. The owner of the Universidad de Chile soccer team has increased 32 percent in the last three days of trading after the team tied 1-1 on May 16 with Paraguay’s Libertad soccer team in Asuncion in the quarterfinals of the regional Libertadores tournament. A second match to determine who moves into the semifinals stage is scheduled for May 24 in Santiago.
Cencosud SA (CENCOSUD) , Chile’s largest retailer by sales, erased gains in the last hour of trading to close 0.3 percent lower at 2,791.5 pesos. It earlier rose as much as 3 percent. Chile’s largest retailer by sales offered 600 million reais ($287 million) to buy Brazilian supermarket chain Russi, O Estado de S. Paulo reported yesterday, without saying where it got the information. A press officer at Cencosud didn’t respond to phone and e-mail messages seeking comment. Cencosud also said in statement today it has spent $934 million of a budgeted $1.1 billion on its Costanera Center shopping mall and tower project in Santiago.
Parque Arauco SA (PARAUCO) rose 4 percent to 903.68 pesos, its biggest increase since Aug. 11. The Chilean shopping mall developer had its recommendation increased to buy from hold on May 18 at Banco Santander SA.
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