Chilean stocks closed flat on Friday as copper producer Madeco gained on a world copper price rally, but major telecommunications firm Telefonos CTC Chile dragged.
In a low-volume day with many traders on holiday, the IPSA index of 40 leading shares closed almost flat, down just 0.01 percent at 1,484.59 points. The broader IGPA index shed 0.25 percent to 7,318.61.
Copper producer Madeco was one of the day's volume leaders and bigger percentage gainer, rising 2.06 percent to 49.50 pesos per share.
Copper prices on the London Metal Exchange (LME) rose to $2,349 a tonne, up 3.1 percent and its highest price since July 1997.
Top value leader was Santiago-based energy group Enersis, which is weighted as 9 percent of the IPSA. The share price rose 0.56 percent to 86.49 pesos per share.
Major telephone company Telefonica CTC Chile fell 1.3 percent to 2220.00 pesos per share. Volume on the Santiago Stock Exchange was low at $27 million.
The peso currency hit a 34-month high, strengthening 1.21 percent to 585.30/585.80 compared with Tuesday's close of 592.50/593.00. The last time it closed at that level was in March of 2001. Wednesday and Thursday were market holidays.
The Santiago Stock Exchange announced on Friday changes to the 40 companies in the IPSA index. Water company Aguas Andina, cement maker Cementos Bio Bio, bank Corpbanca, electric company Edelnor and forestry company Terranova entered the IPSA.
Leaving the IPSA are investment company Almendral, Calichera, industrial company CCT, pharmacy Fasa, and gas company Gasco.
The INTER-10 index, which includes the 10 most-liquid Chilean American Depositary Receipts, added copper maker Madeco, airline LanChile and industrial and financial conglomerate Quinenco.
Leaving the INTER-10 are bottler Andina, wine maker Concha y Toro and pension company Profica.
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