Bloomberg News

Chilean Stocks: Blanco & Negro, BCI, Copec, Iansa, Parque Arauco

July 04, 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 closed little changed at 4,418.69. The MSCI Chile index rose 0.1 percent to 2,430.28.

Banco de Credito & Inversiones (BCI CC) advanced 0.4 percent to 31,528 pesos, the most in six weeks. Chile’s fourth- largest lender by assets was reiterated as a buy by Banchile Inversiones.

Blanco & Negro SA (COLO/B CC), owner of the Santiago-based Colo Colo soccer team, advanced 4.6 percent, the most in 12 weeks, to 310 pesos. A package of 9.5 million shares in Blanco & Negro was auctioned today at 325 pesos in the Santiago exchange.

Empresas Copec SA (COPEC) , Chile’s largest pulp exporter, fell 0.6 percent to 7,345.2 pesos after retreating as much as 1.2 percent. Pulp prices declined 1.3 percent in the week through yesterday, according to Foex.

Empresas Iansa SA (IANSA) advanced 2.2 percent to 37 pesos, leading gains on the Ipsa benchmark index. Chile’s largest sugar refiner has increased 3.6 percent in the last two days after it announced it plans to sell its concentrated juice unit and its operations in Peru.

Parque Arauco SA (PARAUCO) rose 0.2 percent to 906.04 pesos, its fourth day of gains. The Chilean shopping center developer plans to invest $1 billion in Colombia within the next five years, the Colombian daily La Republica reported, citing Juan Pablo Romero, head of Parque Arauco’s Colombian operations. An official at Corpo Comunicaciones, Parque Arauco’s external communications agency, confirmed the comments attributed to Romero.

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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