Chilean Stocks: Cencosud, Colbun, Endesa, Paz and Socovesa

The following companies are having unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 10:17 a.m. New York time.

The Ipsa index rose 0.3 percent to 3,901.51. The MSCI Chile (MXCL) index gained 2.6 percent to 2,150.33.

Cencosud SA (CENCOSUD CC) rose 0.5 percent to 2,800.5 pesos, its third day of gains. Chile’s largest retailer by sales may seek a stake in Chilean retailer Johnson’s, El Mercurio wrote.

Colbun SA (COLBUN) , a Chilean power generator, fell 0.9 percent to 126 pesos. A southern Chilean appeals court rejected injunctions filed against the HidroAysen hydroelectric project owned by Empresa Nacional de Electricidad SA, or Endesa, and Colbun.

Endesa (ENDESA CC) fell 0.2 percent to 740 pesos.

Paz Corp SA (PAZ) , Chile’s second-largest publicly traded real estate developer by market value, jumped 3.9 percent to 185 pesos. Home prices rose 9.5 percent in Santiago in the 12 months through August, according to data posted yesterday on the website of Chile’s Construction Chamber.

Socovesa SA (SOCOVESA CC), the country’s biggest publicly traded real estate developer, gained 6.3 percent to 172 pesos, its biggest intraday advance in more than a week.

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.