Quiñenco shares grew 12.8% and Vapores gained 3.8%.
The shares of Sociedad Matriz SAAM reached unprecedented levels this Tuesday on the stock market, after learning that it will sell its port terminal and land logistics operations to the German shipping company Hapag-Lloyd.
SAAM’s share soared 46.49% to $83.50 at the close, the highest price recorded in its records on the Santiago Stock Exchange.
Transaction volumes amounted to 66 million papers traded during the day, which also means a record amount.
Within the S&P IPSA -which rose 2.05% to 5,248.87 points- Quiñenco’s performance stood out, growing 12.80%, while Vapores stood out with an increase of 3.80%.
“For SAAM, the operation implies a sale price of US$1,137 million, which will mean an approximate net profit of US$400 million. If we do the calculations with an exchange rate of $928 and considering that the subscribed and paid shares of SAAM are more than 9.73 million, the extraordinary profit would be $38.1 per share”, commented the Renta4 studies manager , Guillermo Araya.
“Part or all of this profit will be distributed as an extraordinary dividend, which will depend on whether SAAM has any investment project to finance with these income and what is defined at the Extraordinary Shareholders’ Meeting,” he added.
Equities were also supported globally by growing expectations of a moderation in interest rate hikes.