Chilean stocks fell slightly on Friday in slim volume as investors took profits following recent market highs, especially in the steel and power sectors. The peso firmed against the dollar. The IPSA blue chip index fell 0.25 percent to 2,063.51 points while the broader IGPA index slipped 0.01 percent to 9,541.03, preliminary closing figures showed.
"For the last two days the market has been affected by profit taking and has had a slight downward tendency but with little movement and slim volumes," said Lorena Pizarro, an analyst with the Alfa brokerage.
Friday's loss leaders included top Chilean steelmaker CAP, down 1.98 percent to 6,670 pesos per share, and electric company Endesa, which dipped 0.82 percent to 484 pesos a share.
The quirky highlight of an otherwise uneventful day was the IPO of soccer team Colo-Colo, whose stock soared 30 percent to close at 240 pesos per share.
"The entry of Colo-Colo on the stock market undoubtedly caused excitement, and although we still don't have adequate parameters, its stock performance has been pretty positive," said Alfa brokerage analyst Rodrigo Cristi.
On the foreign exchange market the peso currency was up slightly in light trade against the dollar ahead of the holiday weekend.
The peso closed at 580.00/580.50 pesos per dollar compared to Thursday's close of 580.50/581.00.