Bolsa closes its worst week in a month despite Mall Plaza's entry



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The Santiago Stock Exchange on Friday recorded its largest daily decline in a month, driven by a sharp decline in US inventories, in a day that also highlighted the local opening of the mall operator Mallplaza.

The IPSA index, which includes the main stocks of the Santiago Stock Exchange, fell by 1.34% to 5,369.51 points.

The main Wall Street benchmarks closed with sharp declines, after weak quarterly earnings reports from some of the major technologies that caused a sharp decline in the sector. The Nasdaq composite index lost nearly 1.5%.

The initial public offering (OPI) of Mallplaza Mall operator reported the equivalent of US $ 532 million previously, becoming the largest open market of the city. history of the local market.

The IPO of the largest shopping center operator in Chile provided for the placement of 240 million shares, or nearly 12.5% ​​of the property, at a price of 1 431 pesos per share . The newspapers closed at 1,402.70 pesos.

Among the day's losers highlighted the shares of Latam Airlines – heavily weighted in the IPSA -, which fell 3.17% to 7 241.10 pesos, while Parque Arauco's shares -competition of Mallplaza- They decreased by 2.82% to 1,778 pesos.

The amount traded in shares on the Santiago Stock Exchange reached the equivalent of $ 737 million, inflated by the Mallplaza OPP.

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