Chilean Stocks: Azul Azul, Salfacorp, Multiexport, Vapores
The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses, and prices are as of the close in Santiago.
Azul Azul SA (AZUL) jumped 13 percent to 2,355.5 pesos. The owner of the Universidad de Chile soccer team has gained 22 percent in the last two days after the team tied 1-1 May 16 with Paraguay’s Libertad soccer team in Asuncion in the quarterfinals of the regional Libertadores tournament. A second match to determine who moves into the semifinal stage is scheduled for May 24 in Santiago.
Cia. Sud Americana de Vapores SA (VAPORES CC), Chile’s largest container shipping company, advanced 1.4 percent to 53.1 pesos, ending a four-day losing streak. A.P. Moeller-Maersk A/S, owner of the world’s largest container line, said it’s increasing rates on some of its Latin American routes by as much as 30 percent to return its Maersk Line unit to profitability amid rising costs.
Multiexport Foods SA (MULTIFOO) fell 4.5 percent to 110.5 pesos, its lowest price since May 2010. Chile’s second- largest publicly-traded salmon farmer said a fire hit one of its storage buildings, according to a statement posted today on the website of Chile’s securities regulator.
Salfacorp SA (SALFACOR) , Chile’s largest construction company, increased 1 percent to 1,029.5 pesos, its biggest gain in two weeks. Construction activity will continue to grow in Chile and the European crisis hasn’t had an effect on the sector, Gaston Escala, head of Chile’s Construction Chamber, said in an interview with Santiago-based newspaper La Tercera.
The Construction Chamber confirmed in an e-mail the veracity of the report.
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