Chilean Stocks: BCI, Cap, CGE, Corpbanca, Enersis and Paz Corp

The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of the close in Santiago.

The Ipsa index closed little changed at 4,139.79. The MSCI Chile (MXCL) index gained 0.3 percent to 2,261.39.

Banco de Credito & Inversiones (BCI) rose 0.9 percent to 27,490 pesos. Standard & Poor’s upgraded Chile’s fourth-largest lender by assets to A from A-.

Cap SA (CAP) advanced 0.9 percent to 18,331 pesos. Chile’s largest steel producer and iron miner rose in line with base metal prices, which gained in New York after the U.S. jobless rate fell unexpectedly and investors speculated that the International Monetary Fund will play a larger role in fighting the European debt crisis.

Compania General de Electricidad SA (CGE) fell 1.1 percent to 2,220 pesos. The electricity holding company may be dropped from the benchmark Ipsa (IPSA) index, according to a simulation announced by the Santiago exchange.

Corpbanca (CORPBANC) advanced 1.7 percent to 6.87 pesos. A block of 3.79 billion shares in Corpbanca, Chile’s sixth- largest lender by assets, will be offered in a Dec. 5 auction for a minimum of 7.10 pesos apiece.

Enersis SA (ENERSIS) gained 1.3 percent to 186 pesos, its second day of gains. The unit of Spain’s Endesa SA announced Nov. 30 it will pay a dividend of 1.4656 pesos per share, according to data compiled by Bloomberg.

Paz Corp SA (PAZ) fell 1.5 percent to 256.15 pesos, its second day of losses. Chile’s third-largest home-builder by market value may be dropped from the benchmark Ipsa index, according to a simulation announced by the Santiago exchange.

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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