Despite local pressure from legislative debates around the withdrawal of 10% of pension savings, the Santiago Stock Exchange moved this day on green ground.
At 2:50 p.m. on hERSELF, the main selective index, registered an increase of 1,48% reaching 4,003.08 points.
The main increases were evidenced by Enjoy (6.84%), SalfaCorp (3.58%) and Oxiquim (4.00%).
On the opposite sidewalk were the shares of Embonor-B (-1.37%), Iansa (-8.92%) and Soprocal (-7.39%).
Yesterday, Wednesday, before the vote in the Senate on the withdrawal of 10% of AFP funds, the stock market moved stable after some swings.
Earlier this week he experienced losses marking the worse performance among its peers around the world: shortly before noon on Monday the IPSA fell 1.55%.
Sebastián Espinosa, market analyst at XTB Latam, commented that in any case the market will continue to pay attention to the next steps regarding the discussion of the 10% withdrawal, in which a presidential veto is not ruled out.
“Today the President Sebastián Piñera asked directly about it and did not give an answer concrete, so the uncertainty regarding this issue is installed, “he explained.
On the other hand, Espinosa pointed out that at the local level “we must also follow the copper price, which responds to the adjustments of an offer threatened by greater restriction measures for mining companies and an upward demand with the Chinese reactivation.”
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