Watch Live

Tweet TWEET

Chilean Stocks: Cementos Bio Bio, Lan Airlines and Multiexport

The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 4:31 p.m. New York time.

The Ipsa index fell 2.5 percent to 4,413.54.

Cementos Bio Bio SA (CEMENT) slumped a record 16 percent to 780 pesos. The Chilean cement company said it will book a pre-tax loss of $58 million due to the sale of assets in the U.S., Ecuador, Chile and Peru.

Lan Airlines SA (LAN) retreated 2.8 percent, the most in five months, to 12,482 pesos. Latin America’s largest carrier by market value had second-quarter net income of $15.9 million, a 74 percent fall from last year and below an average estimate of $27 million among six analysts surveyed by Bloomberg.

Multiexport Foods SA (MULTIFOO) , the Chilean salmon exporter, dropped 8.2 percent to 152.39 pesos, the biggest fall in two years. Chile’s fishing regulator reported traces of infectious-salmon-anemia in 23 locations in southern Chile, according to a report posted on its website July 22.

Other salmon farmers also slumped. Cia. Pesquera Camanchaca SA (CAMANCHA CC) fell 6.5 percent to 58 pesos, Invertec Pesquera Mar de Chiloe SA (INVERMAR) retreated 5.3 percent to 180 pesos. AquaChile SA (AQUACHIL CC) lost 4.1 percent to 350 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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.