Chilean Stocks: Azul Azul, Entel, La Polar, Quinenco, Vapores

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 (IPSA) index rose 0.5 percent to 4,268.94. The MSCI Chile (MXCL) index gained 1.4 percent to 2,440.23.

Azul Azul SA (AZUL) jumped 6.6 percent to 1,216.9 pesos. The owner of the Universidad de Chile soccer team has surged 69 percent in the past five days and as much as 28 percent yesterday, which led the Santiago Exchange to temporarily suspend trading. The company said in a statement to the exchange yesterday that it knew of no events that explain the move.

Cia. Sud Americana de Vapores SA (VAPORES CC) closed little changed at 104.5 pesos after rising as much as 3.4 percent. Latin America’s largest container shipping company raised $659 million in the first stage of a $1.2 billion capital increase, it said in a statement on its website Jan. 18.

Quinenco SA (QUINENC) , the holding company that owns 21 percent of Vapores, jumped 4.9 percent to 1,329 pesos, its third day of gains. Quinenco paid $247 million in the capital increase, the company said in the statement.

Empresa Nacional de Telecomunicaciones SA (ENTEL CC) rose 1 percent to 9,550.8 pesos, the biggest increase in almost two weeks. Entel is the mobile operator that has received the most applications from clients looking to change service providers after the start of number portability, according to figures posted on the website of Chile’s Telecommunications Regulator.

Empresas La Polar SA (LAPOLAR) fell 2.6 percent to a record low 223.92 pesos. The department store operator, currently under bankruptcy protection, may have to delay its plans to sell $250 million in new shares by July because of a legal action presented by Chile’s consumer rights agency, Chairman Cesar Barros said, according to Diario Financiero.

To contact the reporter on this story: Eduardo Thomson in Santiago at

To contact the editor responsible for this story: David Papadopoulos at

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