The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses, and prices are as of the close in Santiago.
Aguas Andinas SA (AGUAS/A) (AGUAS/A CC) advanced 1.4 percent to 309.34 pesos, its second day of gains. IM Trust SA, a Santiago- based brokerage, said in an e-mailed note to clients that it raised the target price of Chile’s largest water utility to 328 pesos.
Banco de Chile (CHILE CC) gained 1.5 percent to 69.69 pesos, its biggest gain in four months. The long-term credit rating of Chile’s largest lender by assets was increased to A+ from A by Standard & Poor’s.
Cencosud SA (CENCOSUD) fell 2.6 percent to 2,798.6 pesos for the biggest decline in four months. Chile’s largest retailer by sales began today a book-building process in Chile for the sale of 91.3 million new shares.
Empresas CMPC SA (CMPC) , Chile’s second-largest pulp exporter, fell 0.5 percent to 1,939.1 pesos. Pulp prices dropped for a fourth consecutive week, according to Foex Indices.
Empresas Copec SA (COPEC) , the country’s largest pulp exporter, dropped 0.4 percent to 7,366.2 pesos.
Quinenco SA (QUINENC) rose 1.1 percent to 1,380 pesos, its fourth day of gains. The holding company of Chile’s billionaire Luksic family, rose after Standard & Poor’s revised today the outlook on LQ Inversiones Financieras SA, a unit of Quinenco, to stable from negative.
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