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Chilean Stocks: Aguas Andinas, E-CL and La Polar Were Active

April 18 (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 4,520.74. The MSCI Chile index retreated 0.4 percent to 2,560.89.

Aguas Andinas SA (AGUAS/A CC) rose 2.9 percent to a record 312.82 pesos. Chile’s largest water utility will invest about $200 million this year, Santiago-based newspaper Diario Financiero reported, citing statements made at the company’s annual shareholder meeting. An assistant at Aguas Andinas’ corporate communications office didn’t immediately answer a phone call and e-mail seeking comment.

E-CL SA (ECL CC) fell 0.9 percent to 1,329 pesos. Northern Chile’s largest power generator had its recommendation cut to the equivalent of sell from hold at Santiago-based brokerage IM Trust SA.

Empresas La Polar SA (LAPOLAR CC) fell 9.3 percent to 403.94 pesos, snapping a five-day winning streak during which the stock rose 48 percent. The department-store operator seeking to avert its second bankruptcy in 13 years said it had no explanation for yesterday’s 15 percent stock rally.

Santiago-based newspaper El Mercurio said today that investors are speculating that a strategic partner may offer to buy a stake in the company. An external press officer for La Polar said by phone that Chairman Cesar Barros wouldn’t comment on that report.

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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