Multiexport Drops Most in Five Months on Salmon Virus
Stock Chart for Multiexport Foods SA (MULTIFOO)
Multiexport Foods SA, Chile’s largest publicly traded salmon farmer, fell the most in five months after a report showed an increase in salmon farms suspected of having the infectious salmon anemia virus.
Multiexport declined 7.2 percent to 195.03 pesos at 3:12 p.m. New York time, the steepest decline since Aug. 16.
“Rumors of ISA are affecting the stock,” Allan Becker, a trader at the brokerage unit of Corpbanca, said by telephone from Santiago.
Chile’s fishing regulator Sernapesca posted a document on its website dated Dec. 31 that shows the number of farms suspected of having the virus rose to 11 from 10 in a previous report dated Dec. 15. The number of farms confirmed to have the virus remained at one. The document was reported today by newspaper Estrategia.
Invertec Pesquera Mar de Chiloe SA, another salmon farmer, declined 2.2 percent to 268.9 pesos.
None of the plants suspected of having ISA are operated by Multiexport or Invertec.
Multiexport Chief Executive Officer Andres Lyon and Invertec CEO Andres Parodi weren’t available to comment, assistants said by telephone.
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