The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of the close in Santiago.
The Ipsa index rose 2.3 percent to 4,151.33. The MSCI Chile index jumped 4 percent to 2,260.24.
Cap SA (CAP CC) rose 6 percent to 18,640 pesos, the biggest increase in eight weeks. Chile’s largest steel producer and iron miner climbed in line with base metal prices after central banks including the Federal Reserve agreed to cut the interest rate on dollar liquidity swap lines.
Cencosud SA (CENCOSUD CC) advanced 3.5 percent to 3,111 pesos, its third day of gains. Chile’s largest retailer by sales is close to completing the due diligence process and should go through with the acquisition of Chilean department store operator Johnson’s by mid-December, Diario Financiero wrote.
Empresas CMPC SA (CMPC CC), Chile’s second-largest pulp exporter, rose 2.4 percent to 1,793.1 pesos. Celulose Riograndense, a Brazilian unit of CMPC, plans to invest $2.8 billion as part of its expansion through 2014, Sao Paulo-based Valor Economico reported, citing the unit’s Chief Executive Officer Walter Lidio Nunes.
Multiexport Foods SA (MULTIFOO CC) rose 7.3 percent to 142.81 pesos, the most in seven weeks. Chile’s sole salmon farmer in the Ipsa led gains in the benchmark index as global markets gained, after six central banks made additional funds available to ease strains from Europe’s debt crisis.
Paz Corp SA (PAZ CC) jumped 2.1 percent to 264.8 pesos. Chile’s third-largest home-builder by market value reported a 74 percent increase in profit during the first nine months of the year to 2.17 billion pesos ($4.2 million), according to a statement posted today on the website of Chile’s securities regulator.