The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses, and prices are as of the close in Santiago.
Banco Santander Chile (BSAN) dropped 3 percent to 35.86 pesos, the biggest decrease since Feb. 2. Chile’s largest lender by market value. Chile’s largest lender by market value dropped in line with global stocks as U.S. factory orders unexpectedly fell and China’s non-manufacturing industries expanded at the slowest pace in more than a year.
Cencosud SA (CENCOSUD) retreated 2.5 percent to 2,702.3 pesos, the biggest fall since Feb. 8. Chile’s largest retailer by sales will sell new shares in Santiago and New York on June 20, Santiago-based newspaper Pulso reported, citing people familiar with the transaction that it didn’t identify. Cencosud had no comment on the report, a public relations official said by telephone today.
Madeco SA (MADECO) , a copper products company and unit of Chile’s billionaire Luksic family, fell 2.2 percent to 19.11 pesos. Volume was almost 50 times its three-month average as Banco Santander Chile sold, on behalf of clients, a package of 156 million shares in Madeco at 19.9 pesos each, according to a statement from the Santiago exchange. The package represents 2 percent of the company’s outstanding shares, according to data compiled by Bloomberg.
Vina Concha & Toro SA (CONCHA) dropped 1.7 percent to 900.64 pesos, the most in more than a week. The country’s largest wine exporter pared gains on June 1, when it rallied on a buy recommendation from Santiago-based brokerage Bice Inversiones. The Chilean peso strengthened today, which signals lower revenue for exporters.
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