Chilean Stocks: Antarchile, Cap and Empresas La Polar Gain
Stock Chart for Empresas La Polar SA (LAPOLAR)
The following companies are having unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 10:43 a.m. in Santiago.
The Ipsa index fell 0.1 percent to 4,263.17. The MSCI Chile (MXCL) index retreated 0.9 percent to 2,402.10.
Antarchile SA (ANTAR) , controller of Empresas Copec SA (COPEC), Chile’s largest pulp exporter, rose 1.2 percent to 8,200 pesos, the biggest gain since Oct. 28. A unit of Copec agreed Nov. 4 to pay $473.5 million jointly with Brazil’s Klabin SA to buy 107,000 hectares of forest land in Brazil.
Cap SA (CAP) rose 2 percent to 18,850 pesos. Chile’s largest steel producer and iron miner posted a 75 percent increase in third-quarter profit to $143 million from $82 million a year earlier, according to a filing sent Nov. 4 to regulators.
Empresas La Polar SA (LAPOLAR) rose 3.5 percent to 478 pesos, its fourth day of gains. Bondholders of the department store operator agreed Nov. 4 to approve a restructuring of their debt that would avert the company’s second bankruptcy in 12 years.
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