Chile stocks rose on Friday, ending the month on a positive note, with electric utility companies leading cross-sector gains. The IPSA blue chip index rose 0.59 percent to 2,152.82 points while the broader IGPA index climbed 0.38 percent at 10,073.32, preliminary closing figures showed.
The IPSA has risen 3 percent for the month and gained about 20 percent so far this year. "The market has been really positive, with the electric sector driving the IPSA, especially Endesa, which has made among the biggest gains in September," said Roberto Guzman, investment manager with Euroamerica brokerage.
Energy companies led in trading volumes, with Chile's largest electricity generator Endesa gaining 1.54 percent to 523 pesos a share. Endesa has gained over 10 percent in September and 56 percent year-to-date. Electricity distributor Enersis rose 1.43 percent to 120.65 pesos a share.
Other gainers included bottler Embotelladora Andina S.A., which jumped 3.2 percent to 1,450 pesos a share, and industrial conglomerate Copec, up 1.24 percent to 4,900 pesos a share.
On the foreign exchange market the Chilean peso closed flat at 529.50/530.00 per US dollar, unchanged compared to Thursday, when the peso advanced 1.57 percent to a new five-year high.
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