Chilean Stocks: Cap, Empresas Copec and Masisa Were Active

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 fell 1 percent to 4,506.41. The MSCI Chile (MXCL) index dropped 1.4 percent to 2,593.31.

Cap SA (CAP) retreated 2.3 percent to 20,802 pesos, the most since Dec. 1. Chile’s largest steel producer and iron miner fell in line with base metal prices.

Empresas Copec SA (COPEC) fell 1.2 percent to 8,047 pesos, the most in more than two weeks. Chile’s largest pulp exporter and the company with the largest weighting on the benchmark Ipsa index dropped after China cut its GDP growth target to 7.5 percent from 8 percent.

Masisa SA (MASISA CC) advanced 1.9 percent to 54.86 pesos, the highest since Oct. 13. The wood panels producer led gains in Chile’s main index after Venezuelan President Hugo Chavez proposed a joint venture with the forestry company as the self- declared Marxist rolls back policies aimed at tightening his grip on the economy.

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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