Chilean Stocks: Cencosud, Lan Airlines, Ripley and Salfacorp
The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses and prices are as of the close in Santiago.
Cap SA (CAP) fell 0.3 percent to 20,202 pesos, its lowest closing price in about 11 weeks. Chairman Roberto de Andraca said plans by Chile’s largest steel producer and iron- ore miner to expand its mines in the country may be delayed by electricity shortages.
Cia. Cervecerias Unidas SA (CCU) rose 1 percent to 7,220 pesos, its second day of gains. Chile’s biggest brewer plans to use proceeds from a bond sale to expand through acquisitions and begin operations in a third country, said Chief Executive Officer Patricio Jottar.
Lan Airlines SA (LAN) increased 0.3 percent to 13,942 pesos, ending a six-day losing streak. Latin America’s largest airline by market value reported a 14.7 percent increase in passenger traffic in March.
Salfacorp SA (SALFACOR) fell 0.8 percent to 1,120.6 pesos, its lowest closing price since June 2010. Chile’s largest construction and engineering company has fallen 7.1 percent in the last two days after it had its credit rating reduced by one level by Fitch Ratings.
To contact the reporter on this story: Eduardo Thomson in Santiago at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com