Key Facts
The S&P IPSA, Chile’s benchmark equity index, rose 0.52 per cent to 10,936 points defying a heavy sell-off on Wall Street as local retail and lithium shares caught a bid.
The Chilean peso weakened 0.29 per cent to close at 933.63 per US dollar maintaining its recent soft patch despite the day’s equity gains.
SQM-B, the preferred shares of the lithium producer, jumped 2.1 per cent on turnover of $20 million making it the session’s most influential blue-chip gainer.
Retail conglomerates Falabella and Cencosud advanced 1.9 per cent and 1.0 per cent respectively as domestic investors rotated into consumer-facing names ahead of Thursday’s retail-sales data.
