Chilean Stock Movers: Cap, Cencosud, Sud Americana de Vapores
The following companies are having unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 1 p.m. in Santiago.
Cap SA (CAP) (CAP CC) fell 0.9 percent to 21,650 pesos. Chile’s largest steel and iron-ore producer retreated from a six-month high as the price of iron ore for immediate delivery fell for a fourth straight day, according to a measure compiled by The Steel Index Ltd.
Cencosud SA (CENCOSUD) (CENCOSUD CC) slid 1 percent to 3,009 pesos. Chile’s biggest retailer, which earlier slumped as much as 2.7 percent, pared losses after forecasting sales this year of $18 billion and earnings before interest, taxes, depreciation and amortization of $1.6 billion in an e-mailed statement.
Cia. Sud Americana de Vapores SA (VAPORES CC) declined 0.6 percent to 99.2 pesos. Latin America’s biggest container shipper began today the sale of about 2 billion shares to existing holders, the company wrote in an e-mailed statement.
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