Bloomberg News

Chile Stocks: Falabella, Iansa, Latam, Ripley Corp Were Active

July 17, 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 rose 0.4 percent to 4,390.73. The MSCI Chile index (MXCL) advanced 0.8 percent to 2,455.46. Markets were closed yesterday for a local holiday.

Latam Airlines Group SA (LAN) fell 1.2 percent to 12,341 pesos, and was the most active stock with 56 billion pesos ($114 million) changing hands, more than twice the average volume of the last three months.

Empresas Iansa SA (IANSA) rose 4.4 percent to 38.19 pesos, the most in four months. Santiago-based brokerage IM Trust initiated coverage of the stock with a buy rating.

Ripley Corp SA (RIPLEY) retreated 0.5 percent to 437.31 pesos, its seventh day of losses. Chile’s third-largest department-store operator fell after Banco Santander SA said July 13 it dropped the company from its list of favorite local stocks due to the government’s plan to cap consumer loan interest rates.

SACI Falabella (FALAB) advanced 0.9 percent to 4,554.2 pesos, a second day of gains. The country’s largest retailer by market value had higher growth rates in Colombia and Peru in the latest quarter than in Chile, Diario Financiero said, citing a company presentation. An official from Falabella’s communications department didn’t respond an e-mail seeking comment.

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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