Chilean Stocks: Empresas Hites, Paz Corp, Vapores, Soquimich

The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 3:11 p.m. New York time.

The Ipsa index fell 2.3 percent to 4,010.99.

Cia. Sudamericana de Vapores SA (VAPORES CC), Latin America’s largest container shipping company, fell 3.9 percent to 155.76 pesos, its lowest price since March 1999. Controllers Quinenco SA (QUINENC) and Maritima de Inversiones SA (MARINSA), which own approximately 41 percent of Vapores’s shares, signed today a new shareholder agreement to control the company, according to a statement posted on the website of the Santiago stock exchange.

Quinenco (QUINENC CC) fell 1.8 percent to 1,290 pesos and Maritima (MARINSA CC) closed unchanged at 53.79 pesos.

Empresas Hites SA (HITES) , the Chilean department store operator, fell 5.4 percent to 386.03 pesos, the steepest fall in five weeks. The Chilean government sent a bill to Congress Sept. 2 to cap the maximum interest rate that banks and retailers may charge consumers.

Paz Corp SA (PAZ) slumped 6.3 percent to 230 pesos, its lowest price since June 2010. The real estate developer led losses among members of the IPSA benchmark index, as global equities slumped amid speculation Germany is preparing for default by Greece.

Soc. Quimica & Minera de Chile SA (SQM/B CC) dropped 4.7 percent to 26,157 pesos. Chile’s largest fertilizer producer was the most active stock today by value, with 15 billion pesos ($32 million) changing hands.

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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