Chile's stocks continued in negative territory on Wednesday, dragged by falls in Chilean stocks that trade on Wall Street and persisting jitters about the impact the strong local currency will have on exporters' profits, analysts said. The IPSA blue-chip index fell 0.52 percent to 1,446.37 points, while the broader IGPA slid 0.37 percent to 7,154.93 points.
"There is no clear trend in the market at the moment. The peso currency has been fluctuating, there has been a scarcity of news about companies and there are few investors due to the summer vacations. Today's trade is atypical," said Humberto Munoz, analyst with CB brokerage.
Energy company Enersis and the country's largest supermarket group D&S fell on the domestic market, pulled down by their American Depository Receipts (ADRs). Enersis plunged 2.42 percent to 80.50 pesos while DYS slipped 0.7 percent to 715 pesos.
The country's second largest wine exporter San Pedro dipped 1.75 percent to 5.60 pesos.
Turnover was low at $21 million.
The peso firmed 0.11 percent against the US dollar to 565.70/566.20, compared to 566.30/566.80 on Tuesday on high prices of Chile's largest export, copper. Copper prices have hit 6-1/2 year highs this week.
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