Chilean Stocks: CFR, Endesa, Iansa, Masisa, Vapores Were Active
The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses, and prices are as of the close in Santiago.
CFR Pharmaceuticals SA (CFR) rose 2.1 percent to 119.5 pesos, the steepest gain in a month. The Chilean drug manufacturer was rated buy in new coverage at Santiago-based brokerage IM Trust SA.
Cia. Sud Americana de Vapores SA (VAPORES CC) gained 2.7 percent to 54.62 pesos, ending a five-day losing streak. Chile’s largest container shipping company hired management consulting firm McKinsey & Co. to advise on ways to improve efficiency.
Empresas Iansa SA (IANSA) rose 1.7 percent to 39.12 pesos. Chile’s largest sugar producer posted net income of $9.12 million in the first quarter, compared with a profit of $5.36 million a year earlier.
Empresa Nacional de Electricidad SA (ENDESA CC) fell 0.6 percent to 888.98 pesos after erasing an earlier gain of as much as 0.6 percent. Chile’s largest power generator reported today first quarter net income of 66.2 billion pesos ($136 million) from 96.9 billion pesos a year earlier. The average estimate of three analysts surveyed by Bloomberg News was 73.5 billion pesos.
Masisa SA (MASISA) increased 1.6 percent to 54.40 pesos. The Chilean wood panels producer agreed to pay $8.8 million for a resin plant in Mexico, according to a statement posted on the website of Chile’s securities regulator.
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