Chilean Stocks: Colbun, Lan Airlines, Molymet and Ripley
The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 4:27 p.m. New York time.
The Ipsa index rose 0.5 percent to 4,870.58, its seventh day of gains and its longest winning streak since November.
Colbun SA (COLBUN) , Chile’s third largest power producer by installed capacity, rose 2.9 percent to 138.85 pesos, the biggest gain in 10 weeks. While Chile must advance in renewable energy generation, the country still needs to develop new conventional electricity sources to meet rising demand, Energy and Mining Minister Laurence Golborne told CNN Chile today.
Lan Airlines SA (LAN) ended a four day losing streak rising 1.7 percent to 13,498 pesos. A package of 17.7 million shares in Latin America’s largest airline by market value was sold today in the Santiago exchange at 13,300 pesos, the exchange reported yesterday.
Molibdenos & Metales SA (MOLYMET CC) rose for the first time in nine days, gaining 0.9 percent to 9,886.7 pesos. Workers at one of the company’s plants ended a strike after reaching a wage agreement, according to a statement posted on the website of Chile’s securities regulator.
Ripley Corp SA (RIPLEY) climbed 0.8 percent to 639.99 pesos after three days of losses. The department-store operator had its outlook changed to “stable” from “negative” by local credit rating agency Feller Rate.
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