Chile's blue chip IPSA index fell on Friday, tracking US market losses, while the peso ended firmer as investors sold dollars to book profits after recent sharp gains. The IPSA closed 0.25 percent lower at 3,770.77 points, while the all-market IGPA fell 0.16 percent to 17,507.14 points. The IPSA is trading around 5 percent higher year-to-date.
On the Santiago exchange, shares of Soquimich, Chile's leading exporter of fertiliser and the world's biggest producer of iodine and lithium, ended 0.86 percent lower at 19,630 pesos, while dominant airline LAN fell 0.76 percent to 9,080 pesos. Chile-based regional energy group Enersis surged in late trade, closing 2.13 percent higher at 232.50 pesos per share, while electricity generator Endesa fell 1.06 percent to 867 pesos.
Iron and steel producer CAP rallied 1.59 percent to 16,179 pesos, after falling more than 6 percent this week following a deal by Japan's Mitsubishi Corp to take a 25 percent stake in its mining subsidiary. The peso rose 0.85 percent to 528.00/528.50 per dollar, though ended off session highs, compared with Thursday's close of 532.50/533.00. Despite an unfavourable global backdrop, including wider dollar strength and sliding copper prices, local investors continued to sell dollars, New York-based market research firm 4CAST said.
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