Chilean Stocks: Emb. Andina, Endesa, Falabella and Soquimich
The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 4:32 p.m. New York time.
The Ipsa index rose 0.5 percent to 4,434.68 after three days of losses.
Embotelladora Andina SA (AKO/A) retreated for a third day, sliding 1.3 percent to 2,045 pesos. Chile’s largest Coca- Cola bottler posted second-quarter net income of 14.8 billion pesos, down from 15.9 billion pesos in the same period of last year, according to data posted yesterday on the website of the country’s securities regulator.
Empresa Nacional de Electricidad SA (ENDESA CC) fell 0.5 percent to 821.16 pesos. Chile’s largest power generator reported second-quarter profit of 64.9 billion pesos, down from 115 billion pesos a year earlier and below the 71.4 billion pesos average estimate of three analysts surveyed by Bloomberg News.
SACI Falabella (FALAB) gained 1.5 percent to 4,461.1 pesos. Chile’s largest retailer by market value had its 12-month price estimate increased to 4,950 pesos from 4,600 pesos at Deutsche Bank AG.
Soc. Quimica & Minera de Chile SA (SQM/B CC) rose 1.2 percent to 29,397 pesos after two days of losses. Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer and one of the largest shareholders in Soquimich, raised its full-year earnings forecast and reported second-quarter earnings that beat analysts’ estimates as crop-nutrient prices gained.
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