Bloomberg News

Chilean Stocks: Cap, Empresas Iansa and Entel Are Active

July 03, 2012

The following companies are having unusual price changes in Chilean trading. Stock symbols are in parentheses, and prices are as of 11:53 a.m. in Santiago.

The Ipsa index gained 0.3 percent to 4,414.79. The MSCI Chile index jumped 1.5 percent to 2,435.41.

Cap SA (CAP) advanced 1.9 percent to 18,850 pesos, its highest price in two weeks. Chile’s largest steel producer and iron miner rose in line with the price of base metals.

Empresas Iansa SA (IANSA) increased 0.8 percent to 36 pesos, a third day of gains. Chile’s largest sugar and sweeteners producer will sell its concentrated juice unit Patagoniafresh and its Peruvian tomato paste unit Icatom, Chief Executive Officer Jose Luis Irarrazaval said in an interview published today by Santiago-based daily La Tercera.

An assistant at Azerta, Iansa’s external communications agency, confirmed the comments attributed to Irarrazaval.

Empresa Nacional de Telecomunicaciones SA (ENTEL CC) advanced 1.3 percent to 9,489.9 pesos. Chile’s second-largest mobile operator will bid in the government’s plan to auction bandwidth in the 700 megahertz spectrum next year and is studying expanding in Peru and Colombia, Chief Executive Officer Antonio Buchi said in an interview published July 1 in Santiago- based daily La Tercera.

An assistant at Extend, Entel’s external communications agency, confirmed the comments attributed to Buchi.

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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