Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Chilean Stocks: Azul Azul, Cencosud, Parque Arauco Were Active

Don't Miss Out —
Follow us on:

May 22 (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 fell 0.1 percent to 4,236.99. The MSCI Chile index gained 0.2 percent to 2,285.21. Markets were closed yesterday for a local holiday.

Azul Azul SA (AZUL CI) rose 8.3 percent to a record 2,552 pesos. The owner of the Universidad de Chile soccer team has increased 32 percent in the last three days of trading after the team tied 1-1 on May 16 with Paraguay’s Libertad soccer team in Asuncion in the quarterfinals of the regional Libertadores tournament. A second match to determine who moves into the semifinals stage is scheduled for May 24 in Santiago.

Cencosud SA (CENCOSUD CC), Chile’s largest retailer by sales, erased gains in the last hour of trading to close 0.3 percent lower at 2,791.5 pesos. It earlier rose as much as 3 percent. Chile’s largest retailer by sales offered 600 million reais ($287 million) to buy Brazilian supermarket chain Russi, O Estado de S. Paulo reported yesterday, without saying where it got the information. A press officer at Cencosud didn’t respond to phone and e-mail messages seeking comment. Cencosud also said in statement today it has spent $934 million of a budgeted $1.1 billion on its Costanera Center shopping mall and tower project in Santiago.

Parque Arauco SA (PARAUCO CC) rose 4 percent to 903.68 pesos, its biggest increase since Aug. 11. The Chilean shopping mall developer had its recommendation increased to buy from hold on May 18 at Banco Santander SA.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.