Chilean Stocks: Electrica Pilmaiquen and Sudamericana de Vapores

The following companies are having unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 11:11 a.m. in Santiago.

The Ipsa (IPSA) index fell 0.9 percent to 4,146.08. The MSCI Chile (MXCL) index retreated 1.7 percent to 2,269.27.

Cia. Sudamericana de Vapores SA (VAPORES) lost 3.6 percent to 107 pesos, a record low. Latin America’s largest container shipping company announced Dec. 9 it plans to sell 5.87 billion new shares at 20.45 cents or 104 pesos each to help shore up its finances.

Empresa Electrica Pilmaiquen (PILMAIQ) SA rose 1.5 percent to 2,100 pesos, its seventh day of gains and with volume more than six times the average of the last three months. The power generator has called for an extraordinary shareholder vote for Dec. 23 to elect a new board after a petition from those who own more than 10 percent of the company’s stock, according to a statement published Dec. 7 on the website of the Santiago stock 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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