Chile Stocks: Entel, Ripley Corp Gain; SACI Falabella Declines
The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of the close in Santiago.
Empresa Nacional de Telecomunicaciones SA (ENTEL CC) rose 0.3 percent to 9,635.8 pesos. Santiago-based brokerage IM Trust reinitiated coverage yesterday of Chile’s second-largest mobile phone operator with a “buy” rating.
Ripley Corp SA (RIPLEY) advanced 0.4 percent to 555.01 pesos. The stock of Chile’s third-largest department-store operator is “undervalued,” Banco Penta wrote today in a note to clients.
SACI Falabella (FALAB) dropped 1.8 percent to 4,708.3 pesos, its second day of losses. Chile’s largest retailer by market value retreated in line with global equity markets.
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