Breaking News

U.K. July Retail Sales Rise 0.1%; Median Estimate 0.4% Increase
Tweet TWEET

Chilean Stocks: CMPC, La Polar and Soc. Quimica & Minera

The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 3:18 p.m. New York time.

The Ipsa index rose 1.1 percent to 3,812.27. The MSCI Chile (MXCL) index gained 1.9 percent to 2,086.13.

Soc. Quimica & Minera de Chile SA (SQM/B CC) gained 3 percent to 24,757 pesos, the biggest advance in more than two weeks. Chile’s largest fertilizer producer rose today in line with global equities as finance ministers and central bankers urged policy makers in Europe to intensify efforts to contain the region’s debt crisis.

Empresas CMPC SA (CMPC) rose 2.1 percent to 1,707.1 pesos, its second day of gains. Chile’s second-largest pulp exporter secured $600 million in financing in a syndicated loan and line of credit, Diario Financiero wrote today.

Empresas La Polar SA (LAPOLAR) fell 4.9 percent to a record low 320 pesos. The Chilean department store operator is seeking a strategic investor as part of efforts to avert bankruptcy, Diario Financiero reported.

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.