Chilean Stocks: SACI Falabella, Sud Americana de Vapores and SQM
The following companies are having unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of 11:42 a.m. local time.
Cia. Sud Americana de Vapores SA (VAPORES CC), Chile’s biggest container shipping company, climbed 1.1 percent to 42.5 pesos. The Baltic Dry Index, a measure of commodity shipping costs, rose 1.4 percent to 798 points, according to the Baltic Exchange in London.
SACI Falabella (FALAB) (FALAB CC) fell for a fifth day, losing 0.5 percent to 4,600 pesos. Chile’s largest retailer by market value posted fourth-quarter declines in earnings before interest, taxes, depreciation and amortization margins on increased promotional activity and higher payroll expenses, Banco Santander SA wrote in an e-mailed note to clients. Falabella reported earnings after the close of trading yesterday.
Soc. Quimica y Minera de Chile SA (SQM/B CC) rose for the first time in four days, gaining 1.1 percent to 28,150 pesos. The country’s biggest fertilizer exporter’s fourth-quarter net income was $159 million, up from $106 million a year ago, according to a statement e-mailed after the close of trading yesterday. The average estimate of four analysts surveyed by Bloomberg was for profit of $145 million.
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