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Chile Equity Movers: Colbun, Copec, CMPC, Masisa, Multiexport

By James Attwood and Nathan Gill
     Nov. 25 (Bloomberg) -- The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses, and share prices are as of 3:44 p.m. in New York.
     The Ipsa index fell 0.2 percent to close at 2,413.01.

     Colbun SA (COLBUN CC) gained for a second day, climbing 1.6 percent to 96.75 pesos. Chile’s third-biggest electricity generator may rally to 130 pesos by the end of next year as rising output and falling costs drive earnings growth, Banchile Inversiones analyst Sergio Zapata wrote in a note to clients distributed today, reiterating a “buy” rating.

     Empresas Copec SA (COPEC CC) slid 1 percent to 4,925 pesos, the lowest in six weeks. The weekly BHKP and NBSK pulp prices dropped 3.8 percent and 3.7 percent respectively, according to Bloomberg data updated today. Copec is Chile’s biggest pulp producer.
     Empresas CMPC SA (CMPC CC), Chile’s second-largest producer of wood pulp, declined 3.7 percent to 10,599 pesos.

     Masisa SA (MASISA CC) declined for a fifth day, falling 5.6 percent to 52.11 pesos. The Santiago-based lumber company is scheduled to be removed from the MSCI Emerging-Markets Index as of tomorrow, Deutsche Bank AG said in a report.

     Multiexport Foods SA (MULTIFOO CC), the world’s sixth-largest salmon producer, lost 9.2 percent to a record 47.2 pesos. Some investors may be speculating that a virus that causes anemia in fish is spreading, pushing up costs, Alvaro Pipino, head of research at IM Trust, said by phone from Santiago today.

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