Chilean Stocks: AFP Provida, Cencosud and Endesa 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.
AFP Provida SA (PROVIDA CC) fell 4.2 percent to 2,779.6 pesos as it resumed trading after a suspension June 15 following an 11 percent increase that day. Chile’s largest pension fund regulator rallied in the previous session on speculation its parent company, Spain’s Banco Bilbao Vizcaya Argentaria SA, may have received an offer for Provida.
Cencosud SA (CENCOSUD) fell 1.1 percent to 2,873.4 pesos. Chile’s largest retailer by sales pushed back the opening of its first department store in Peru to early 2013 from late 2012, El Mercurio said, citing an interview with Jaime Soler, Cencosud’s head of department-store operations.
A press official at Azerta, Cencosud’s external communications office, who asked not to be identified because of company policy, said the interview was accurate.
Empresa Nacional (ENDESA) de Electricidad SA (ENDESA CC), Chile’s largest power generator, known as Endesa, advanced 0.8 percent to 805.64 pesos, its second day of gains. Rain over the weekend in central Chile reduced the rainfall deficit in Santiago to 2 percent, increasing levels at reservoirs, according to data on the website of Chile’s government weather agency.
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