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Chilean Stocks: Cap, Hites, Lan, and Multiexport Advance

Aug. 10 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 4:23 p.m. New York time.

The Ipsa index rose 2.7 percent to 4,213.01. The benchmark index has gained 11 percent in the past three sessions, the largest three-day increase since October 2008.

Cap SA (CAP CC), Chile’s largest steel producer and iron miner, rose 4.3 percent to 19,632 pesos. Industrial metal prices climbed after claims for unemployment-insurance payments unexpectedly fell in the U.S., tempering concerns that the world’s biggest economy is faltering.

Empresas Hites SA (HITES CC) jumped a record 17.2 percent to 483.97 pesos. The Chilean department store operator had “transparent” lending practices, Chief Executive Officer Ricardo Brender told Diario Financiero.

Multiexport Foods SA (MULTIFOO CC), the Chilean salmon farmer, surged 12.2 percent to 155.17 pesos and has increased 33 percent in the last three days, its largest three-day gain since May 2009.

Chile’s salmon export volumes rose 23 percent in the first half of the year to 187,000 tons from a year earlier, industry association SalmonChile said in a statement posted yesterday on its website.

Other salmon farmers also rose. AquaChile SA (AQUACHIL CC), the country’s largest, gained 7.3 percent to 353 pesos, Cia. Pesquera Camanchaca SA (CAMANCHA CC) rose a record 11 percent to 55 pesos, Invertec Pesquera Mar de Chiloe SA (INVERMAR CC) advanced 9.3 percent to 176 pesos and Australis Seafoods SA (AUSTRALI CC) jumped 16 percent to 165 pesos.

To contact the reporter on this story: 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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