Chilean Stocks: Empresas Copec, Invermar, La Polar 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.
The Ipsa index declined 0.8 percent to 4,201.45. The MSCI Chile index fell 1.9 percent to 2,242.83.
Empresas Copec SA (COPEC) dropped 1.4 percent to 6,774 pesos, its lowest price since Dec. 6. Chile’s biggest forestry company declined along with raw material producers as commodities dropped to a five-month low on concern that Greece may leave the euro region.
Empresas La Polar SA (LAPOLAR) jumped 5.7 percent to 412.93 pesos, its highest price in a month. The department store operator plans to proceed with the sale of 120 billion pesos ($236 million) in new shares to fund a customer compensation package and avert a second bankruptcy in 13 years.
Invertec Pesquera Mar de Chiloe SA (INVERMAR) jumped 6.7 percent to 160.32 pesos, the biggest increase in three months. The Chilean salmon farmer known as Invermar plans to produce 30,000 metric tons of salmon and trout this year and will increase shipments to the U.S. and Asia this year and reduce deliveries to Europe, Chief Executive Officer Andres Parodi said today at a conference in Santiago.
Salfacorp SA (SALFACOR) , Chile’s largest construction and engineering group, gained 4.3 percent to 1,047.60 pesos. Construction activity rose 11 percent in the first quarter from a year earlier, Chile’s construction chamber said in an e-mailed statement.
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