Chile Stocks: Banco Santander, CCU, Iansa and Sigdo Koppers
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 rose 0.2 percent to 4,228.73. The MSCI Chile (MXCL) index climbed 0.5 percent to 2,382.52.
Banco Santander Chile (BSAN) (BSAN CC), the country’s largest lender, retreated a day after posting the biggest gain in a month in Santiago trading, sliding 2.5 percent to 39.18 pesos. The stock jumped as much as 7.3 percent late yesterday amid buying through the local brokerage unit of Banco Bilbao Vizcaya Argentaria SA, according to data compiled by Bloomberg.
Cia. Cervecerias Unidas SA (CCU) (CCU CC) slid 1.6 percent to 6,241.3 pesos. The country’s biggest brewer probably will return less than the index this year, Bice Inversiones said, citing “limited” room for growth. CCU may rise 7.3 percent and have a 4.1 percent dividend yield for an 11.4 percent total return, compared with the Ipsa (IPSA) index’s estimated 13.7 percent return, analyst Carla Rojas wrote in an e-mailed note.
Empresas Iansa SA (IANSA) (IANSA CC) advanced 0.2 percent to 40.49 pesos after earlier gaining as much as 2.5 percent. The country’s largest sugar company offered to buy shares it doesn’t already own in Patagoniafresh SA, according to a statement on the website of Chile’s securities regulator. Iansa, which has a 30 percent indirect stake in the company, didn’t provide details of the bid.
Sigdo Koppers SA (SK) (SK CC) advanced 2.1 percent to 865 pesos. The industrial holding company agreed to buy 55 percent of Sabo Chile SA for $18.3 million, according to a regulatory filing released yesterday.
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