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Santiago Stock Exchange closes 2018 with a 8.3% fall: worst record in 5 years | economy



The Santiago Stock Exchange closed on Friday with its main IPSA index, which rose 0.69% to 5,105 points, accumulating a 8.3% drop during the year, which is the worst figure in five years.

The selective stock price index (IPSA), an indicator that combines 40 of the most traded shares on the market, did not meet market expectations, which at the beginning of the year – along with the assumption of the right-wing Sebastian Pienera – anticipated that the local stock market indicator would exceed 6000 units.

However, with a cumulative 8.3% drop in 2018, he ended up with the worst record since 2013, when IPSA fell by 14%.

“There were very positive expectations of changes, which in fact were not such,” explained the Director of BioBio Arturo Alegria, the Director of Vision.

The Chilean economy is approaching the end of 2018 with an expansion close to 4%, based on recovery in mining, growth in domestic demand and investment, especially in the first half of the year.

However, in the second half of the year, Chile, like several emerging markets, suffered from the global uncertainty caused by the trade war between China and the United States.

In a shorter session than usual, this Friday — since Monday is 31 days — a day off in Chile, the most popular were shares of FB (5.86%), Googl (5.51%) and IYF (5.33%). %). The largest losses, meanwhile, corresponded to the names EWP (12.59%), CGE (4.67%) and SBUX (4.32%), while the number of shares sold was equivalent to 118.5 million euros. dollars.


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