Chilean Stocks: Forus, Paz Advance; Cencosud, Vapores Retreat

The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 4:13 p.m. New York time.

The Ipsa index rose 0.9 percent to 4,596.71.

Cencosud SA (CENCOSUD CC) declined for the first time in four days, sliding 0.7 percent to 3,469.7 pesos. Horst Paulmann, who controls Chile’s largest retailer by sales, sold shares in the company, according to Santiago exchange filings.

Cia. Sudamericana de Vapores SA (VAPORES CC) dropped 0.7 percent to 341.06 pesos. Latin America’s largest container shipper had its credit rating outlook revised to negative at Standard & Poor’s, which cited falling global shipping rates.

Forus SA (FORUS) advanced 8.9 percent to 1,470 pesos, the steepest gain in more than three years. The apparel retailer posted 2010 profit of 19.5 billion pesos ($41 million), up from 9.9 billion pesos in 2009, according to a statement posted on the website of Chile’s securities regulator.

Paz Corp SA (PAZ) rose 5.5 percent to a two-week high of 494.79 pesos. The real-estate developer plans to start 17 new projects this year with potential sales of $322 million, according to a presentation posted on the company’s website.

Other builders also rose. Salfacorp SA (SALFACOR) gained 3.8 percent to 1,665.4 pesos and Socovesa SA (SOCOVESA) advanced 3.4 percent to 358.9 pesos.

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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