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Chilean Stocks: Cap, Parque Arauco and Salfacorp Were Active

April 12 (Bloomberg) -- 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 0.1 percent to 4,549.72. The MSCI Chile index gained 0.8 percent to 2,606.60.

Cap SA (CAP CC) gained 0.7 percent to 20,345 pesos, its biggest increase in almost two weeks. Chile’s largest steel producer and iron-ore miner rose in line with base metal prices on speculation that China may ease its monetary policy.

Parque Arauco SA (PARAUCO CC) fell 1.6 percent to 944.96 pesos, its lowest price in five weeks. The Chilean shopping center developer was initiated at hold by Santiago-based brokerage IM Trust SA, which said that earnings from new projects won’t arrive until after 2015.

Salfacorp SA (SALFACOR CC) rose 1.8 percent to 1,141.30 pesos, snapping a three-day losing streak. Lender Banco de Credito said yesterday that the company’s 6.4 percent retreat on April 10, after Fitch Ratings lowered its credit rating by one level, was an “overreaction.”

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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