STXNEWSLATAM-Chile stocks hit intraday high on U.S. jobs data

Chilean stocks (.IPSA: ) were up 0.7 percent at 4,158.54
points in Thursday morning trade as retail and banking stocks
pushed the bourse to a new intraday high, tracking gains in
world markets after a sharp drop in new U.S. initial jobless
benefits claims.

“One thing explaining the strength in retail is a financial
report on (regional retailer) Falabella … given the positive
outlook for growth in the country,” said Jorge Kehdy, an
analyst at the BCI brokerage.

Shares in Falabella (FAL.SN: ) were up 3.2 percent and rival
Cencosud (CEN.SN: ) rose 1.01 percent. Banco de Chile (CHI.SN: ),
the country’s second largest bank, was up 1.4 percent and No. 5
lender Corpbanca (COB.SN: ) surged 3.2 percent.
Reuters Messaging [email protected]

STXNEWSLATAM-Chile stocks hit intraday high on U.S. jobs data