The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 4:15 p.m. New York time.
The Ipsa index rose 0.2 percent to 4,771.43.
AFP Habitat SA (HABITAT CC) increased 2.6 percent to 584.98 pesos, its biggest gain in two months. Chile’s second-largest pension fund manager expects to recoup in the mid-term its investment in La Polar, the retailer under investigation for consumer-credit irregularities, Chairman Jose Antonio Guzman said yesterday in an interview.
Banco de Chile (CHILE CC) advanced 0.6 percent to 67.21 pesos. Chile’s second largest lender reported preliminary profit of 202 billion pesos ($430 million) in the first five months of the year, according to a statement posted on the bank’s website. In the same period of last year it posted profit of 170 billion pesos, according to a separate statement.
Empresas La Polar SA (LAPOLAR CC) rose 5 percent to 773.44 pesos, its second day of gains. Bondholders of the department store operator under investigation for consumer-credit irregularities agreed to waive covenants for 90 days that would accelerate pre-payment of bonds.
Salfacorp SA (SALFACOR CC) fell 1 percent to 1,767.8 pesos. Chile’s largest construction and engineering company raised a total 53.4 billion pesos through a rights offer to current shareholders, according to an e-mailed statement distributed yesterday.
Vina Concha y Toro SA (CONCHA CC) retreated 1.5 percent to 1,225.5 pesos, the biggest fall in more than a week. Chile’s largest winemaker expects currency appreciation and higher grape costs to offset the effect of price rises this year, keeping profit similar to 2010 levels, Vice Chairman Rafael Guilisasti said in an interview.