Bloomberg News

Chilean Stocks: Cap, CMPC, Copec and Latam Airlines Were Active

June 29, 2012

The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses, and prices are as of the market close in Santiago.

The Ipsa index gained 1.5 percent to 4,400.1, ending the first half of the year with a 5.3 percent increase. The MSCI Chile index jumped 3.1 percent to 2,391.65.

Cap SA (CAP) increased the most in three weeks, adding 1.7 percent to 18,493 pesos. The country’s largest steel producer and iron miner jumped in line with base metal prices after officials agreed to ease rules for emergency loans to Spanish banks.

Empresas CMPC SA (CMPC) jumped 3.7 percent to 1,997.4 pesos, an eight-week high. Chile’s second-largest pulp exporter rose in line with Brazil’s Fibria Celulose SA, the world’s largest pulp producer, which had its recommendation increased to buy at Banco BTG Pactual.

Empresas Copec SA (COPEC) , the country’s largest pulp exporter, gained 3.5 percent to 7,389.9 pesos.

Latam Airlines Group SA (LAN) closed with a 0.4 percent increase to 13,152 pesos after reversing a decline of as much as 0.7 percent. Latin America’s largest carrier had its recommendation cut to “underperform,” the equivalent of a sell, by Banco Santander SA.

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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