Official data from the Santiago Stock Exchange shows that Latam Airlines has become Chiles most traded stock over the past year.The airlines shares made up 13.4% of all local stock trades, totaling 4.72 trillion Chilean pesos in value.
This marks a major shift from previous years, when lithium producer SQM-B dominated trading.SQM-Bs share has now dropped to 12%, after reaching a peak of 31.4% in April 2023.
Latam Airlines comeback follows its exit from bankruptcy protection in late 2022.Since then, its stock price has climbed to 19,300 pesos per share, its highest since restructuring.
Local brokers have added Latam to their recommended lists, showing renewed trust in the airlines future and in the recovery of travel.Other top-traded stocks include Banco de Chile, with 9.3% of trading volume, and retailer Falabella, with 9.1%.
The overall trading activity in Chilean stocks is at its highest since mid-2022, making it easier for investors to buy and sell shares.Latam Airlines Overtakes Lithium Giant as Chiles Most Traded Stock.
(Photo Internet reproduction)This shift matters because it shows where investors see the most promise in Chiles economy.
The focus has moved from lithium, which powered a trading boom, to sectors like airlines and banking.These changes highlight how Chiles market adapts as business conditions change.
Investors and businesses watch these trends closely, as they signal which sectors are gaining strength and which are losing momentum.RankCompany NameApproximate Market Share of Trading VolumeSector1Latam Airlines Group13.4%Airlines/Transportation2SQM-B12%Mining/Lithium3Banco de Chile9.3%Banking4Falabella9.1%Retail5Banco Santander-Chile(Significant)Banking6Enel Amricas(Significant)Electric Utilities7Cencosud(Significant)Retail8Banco de Crdito e Inversiones (BCI)(Significant)Banking9Empresas Copec(Significant)Energy10Quienco SA(Significant)Conglomerate