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Chilean Stock Movers: Banco de Chile, Camanchaca, Corpbanca

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Dec. 1 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 3:16 p.m. New York time.

The Ipsa index closed little changed at 4,956.79.

Banco de Chile (CHILE CC) gained 1.7 percent to 70.25 pesos, the steepest advance in almost two weeks. The country’s second-biggest lender was raised to “hold” at Deutsche Bank AG by analyst Tito Labarta.

Cia. Pesquera Camanchaca SA (CAMANCHA CC) fell to 81.43 pesos in its first day of trading from an 82-peso initial public offering price. The Santiago-based fishing company raised $227 million today in Chile’s first IPO in a year, selling 1.33 billion shares, or a 32 percent shareholding.

Corpbanca (CORPBANC CC) dropped 3.5 percent to 8.174 pesos, the largest decrease in nine weeks. The Chilean lender rallied the most in three weeks yesterday as it became a member of the MSCI Chile index.

To contact the reporter on this story: James Attwood in Santiago at jattwood3@bloomberg.net; Eduardo Thomson in Santiago at ethomson1@bloomberg.net

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

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