Chilean Stocks: CMPC, Empresa Nacional de Electricidad, Masisa

The following companies are having unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 11:13 a.m. in Santiago.

The Ipsa index fell 0.4 percent to 4,208.97. The MSCI Chile index dropped 1.3 percent to 2,405.68.

Empresa Nacional de Electricidad SA (ENDESA CC) slid 1 percent to 751 pesos, poised for its biggest decline in two weeks. Some investors may be trimming expectations for fourth-quarter earnings, said Marcelo Catalan, an analyst at Banco de Credito & Inversiones’ brokerage in Santiago. Endesa, as Chile’s largest power generator is known, is scheduled to report results tomorrow, according to data compiled by Bloomberg.

Empresas CMPC SA (CMPC CC), Chile’s second-biggest forestry company, retreated 1.2 percent to 1,900 pesos. Chile’s industrial production increased 0.5 percent in December from a year earlier, according to data released by the National Statistics Institute today, missing the 1.2 percent median estimate of eight economists surveyed by Bloomberg.

Masisa SA (MASISA CC), a wood-products maker, fell 0.9 percent to 49.5 pesos.