Breaking News

Tweet TWEET

Chilean Stocks: Masisa Slumps; SACI Falabella and SQM Advance

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 index was little changed at 4,270.76. The MSCI Chile (MXCL) index declined 0.9 percent to 2,250.45.

Masisa SA (MASISA CC) fell for the first time in five days, sliding 0.1 percent to 49.99 pesos. The forestry company declined along with global commodity prices. The Thomson Reuters/Jefferies CRB Index of commodities dropped 1.7 percent.

SACI Falabella (FALAB CC) rose 2.4 percent to 4,531.1 pesos. Chile’s biggest retailer by market value reported an 18 percent jump in first-quarter consolidated revenue on higher same-store sales and expansion in Latin America.

Soc. Quimica & Minera de Chile SA (SQM/B CC), the country’s biggest fertilizer producer, rose 0.1 percent to 27,708 pesos. Net income climbed 35 percent in the first quarter from a year ago as iodine sales surged.

To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.