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Chilean Stocks: Cia. Sud Americana de Vapores, Empresas La Polar

Jan. 18 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 5 p.m. in Santiago.

The Ipsa index rose 0.6 percent to 4,253.61. The MSCI Chile index gained 1 percent to 2,406.39.

Cia. Sud Americana de Vapores SA (VAPORES CC) rose 1.8 percent to 104.45 pesos, ending a six-day losing streak. Latin America’s largest container shipping company raised $659 million in the first stage of a $1.2 billion capital increase. CSAV sold shares in a rights offering at 20.45 cents each, according to a statement posted on the company’s website.

Empresas La Polar SA (LAPOLAR CC), the department-store operator under bankruptcy protection, fell 2.1 percent to 230 pesos. Chilean brokerages cut their proprietary holdings in the stock, Diario Financiero reported today. The company also denied having asked creditors for changes to its debt restructuring agreement, according to a statement posted by the Santiago stock exchange.

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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