Latam shares 2.35% lower on the Santiago Stock Exchange – MercoPress



The Latam share declines 2.35% on the Santiago Stock Exchange

Wednesday, August 22, 2018 – 09:13 UTC
Latam fell 2.35% after the company reported a loss of US $ 114 million for the period April-June.
Latam fell 2.35% after the company reported a loss of US $ 114 million for the period April-June.

The Chilean stock market rose Tuesday, in line with the rebound in the main foreign markets, although the advance was limited by a further decline in Latam Airlines' shares after the group reported millions of losses in the second quarter.

The IPSA index, which groups the leading shares of the Santiago Stock Exchange, rose by 0.31% to 5,257.61 points. European equities saw profits, while in New York the S & P 500 benchmark reached a record high as investors on both sides of the Atlantic bought a cautiously optimistic tone before the start of talks on trade between the US and China on Wednesday .

Among the winners of the session at local level were the retailer Ripley's titles, which rose by 1.29% to $ 595.57, while the energy group Enel Chile's shares were 1.21% higher than $ 65.98.

In contrast, Latam Airlines' shares fell by 2.35% to $ 6,169.90 – at least a year and a half after the company reported a loss of US $ 114 million for April-June. . The traded amount in shares on the Santiago Stock Exchange reached the equivalent of US $ 156.5 million, around the recent daily average.


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