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Chilean Stocks: Cencosud, CGE, Falabella, Quinenco and SQM

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Sept. 20 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 3:17 p.m. New York time.

The Ipsa index rose 1.2 percent to 4,105.61. The MSCI Chile index gained 0.2 percent to 2,360.97.

Cencosud SA (CENCOSUD CC) rose 1.2 percent to 2,843 pesos. Latin America’s third-largest retailer by sales was reiterated “sector outperform” by Scotia Capital analyst Rodrigo Echagaray.

SACI Falabella (FALAB CC), Chile’s largest publicly traded company by market value, was also reiterated “sector outperform” by Scotia Capital. It rose 1.7 percent to 4,239.6 pesos.

Cia. General de Electricidad SA (CGE CC) gained 1.8 percent to 2,239.1 pesos. The power holding company won’t distribute a provisory dividend in September, according to a statement posted on the website of the Santiago stock exchange.

Quinenco SA (QUINENC CC) fell 0.1 percent to 1,308.5 pesos. The holding company controlled by the Luksic family has called for a shareholder meeting to approve the sale of 225 billion pesos ($459 million) in new shares, according to a paid advertisement published today in Santiago-based newspaper El Mercurio.

Soc. Quimica & Minera de Chile SA (SQM/B CC) rose 1.2 percent to 26,570 pesos. Chile’s largest fertilizer producer gained in line with the price of agricultural commodities, which signals higher demand for Soquimich’s 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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