Chilean Stocks: Azul Azul, Copec, Parque Arauco and Salfacorp
The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses, and prices are as of the close.
Azul Azul SA (AZUL) surged 34 percent to 1,927.8 pesos, the steepest increase since Oct. 21. The owner of the Universidad de Chile soccer team rose after the team moved to the next stage of the Libertadores regional soccer tournament, beating Deportivo Quito 6-0 in the return leg of a match last night.
Empresas Copec SA (COPEC) slumped 1.4 percent to 7,397.1 pesos. Chile’s biggest pulp exporter led declines by raw material producers as global commodity prices fell after Asian data showed a further slowdown in industrial output and JPMorgan Chase & Co. unveiled a $2 billion trading loss.
Parque Arauco SA (PARAUCO) gained 1.2 percent to 940.86 pesos. The shopping center developer and operator reached an agreement with a unit of Bancolombia SA and a Colombian real- estate fund to invest as much as $1 billion in shopping centers over five years, according to a statement on the website of the Chilean securities regulator.
Salfacorp SA (SALFACOR) rose 0.2 percent to 1,167 pesos and earlier gained as much as 2.3 percent. Chile’s largest construction and engineering company reported a 13 percent jump in first-quarter earnings before items as sales rose 23 percent, brokerage IM Trust said in an e-mailed note today.
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