Chilean Stocks: Steelmaker Cap, Parque Arauco and Salfacorp
The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 3:14 p.m. New York time.
The Ipsa index rose 0.5 percent to 4,989.05.
Cap SA (CAP CC) advanced for a fifth day, gaining 1.2 percent to 24,698 pesos. Chile’s biggest steel and iron producer rose along with gains in global industrial metal prices.
Parque Arauco SA (PARAUCO CC) climbed 2 percent to 1,150 pesos, the steepest gain in three weeks. The Santiago-based shopping mall operator held an opening ceremony today for a mall in Arequipa, Peru.
Salfacorp SA (SALFACOR CC) jumped 4.5 percent to a record 1,779.9 pesos. Celfin Capital assigned Chile’s largest engineering and construction company a “buy” rating, saying in a note to clients that the shares may reach 1,980 pesos as the country’s real-estate and construction industries recover.
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