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Chilean Stocks: Cencosud, CTI and Soc. Quimica & Minera de Chile

Aug. 18 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 4:18 p.m. New York time.

The Ipsa index fell 1.9 percent to 4,149.30.

Cencosud SA (CENCOSUD CC) retreated 1.4 percent to 2,924 pesos, the biggest decline in a week. Latin America’s third-largest retailer by sales dropped as global stock markets retreated amid concern growth is slowing in the U.S. and European banks lack sufficient capital.

CTI Cia Tecno Industrial SA (CTI CC) rose 4.8 percent to 33 pesos. The local home appliances producer has gained 15 percent in the last two days, the biggest two-day increase since May 2010, after its controller, Chilean holding company Sigdo Koppers SA, confirmed it is in negotiations to sell the company.

Soc. Quimica & Minera de Chile SA (SQM/B CC) retreated 2.9 percent to 27,793 pesos. Chile’s largest fertilizer producer fell in line with the price of agricultural commodities, which signals lower demand for its products.

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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