Chilean Stocks: CCU, Colbun, Endesa and Enjoy 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.
Cia Cervecerias Unidas SA (CCU) fell 2.1 percent to 7,330.1 pesos, its second day of losses. Chile’s largest brewer had its recommendation cut to hold from buy at Deutsche Bank AG.
Colbun SA (COLBUN) advanced 0.5 percent to 141.18 pesos, reversing an earlier loss of 1.3 percent. Chile’s Supreme Court rejected injunctions filed by opposition lawmakers and environmental groups to block the HidroAysen power project being developed by Colbun and Empresa Nacional de Electricidad SA, or Endesa. (ENDESA)
Endesa (ENDESA) (ENDESA CC) also reversed earlier losses to close little changed at 885.96 pesos.
Enjoy SA (ENJOY) fell 4.5 percent to 105 pesos, the biggest fall in almost five months. The Santiago-based casino owner is meeting terms of its bonds after using 14.9 billion pesos ($31 million) of a 17 billion-peso loan facility from its controlling shareholder, according to a statement to the securities regulator yesterday.
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