INSUBCONTINENT EXCLUSIVE:
The session reflected a cautious market mood, with investors digesting mixed global signals and local fundamentals.Retailers and utilities
Empresas Hites SA surged 4.10% to 104.00 CLP on robust volume, while Enaex SA climbed 3.14% to 19,023.00 CLP
ENGIE Energia Chile SA advanced 2.23% to 1,290.00 CLP, supported by strong demand for defensive assets.Soquimich Comercial SA and
Embotelladora Andina SA posted gains of 2.03% and 1.95%, respectively
These moves reflected sector rotation into companies with stable earnings and positive outlooks.On the downside, Socovesa dropped 3.14% to
82.10 CLP, and Plaza fell 2.23% to 2,185.10 CLP
Santander Chile slipped 1.23% to 57.93 CLP, weighed down by profit-taking after recent strength
Retailers and Utilities Lead Gains
with other Latin American indices but lagging the year-to-date highs seen in May.Technical analysis of the 4-hour and daily IPSA charts
reveals a market at a crossroads
The 4-hour chart shows the index trading above key moving averages, but momentum is fading.The MACD histogram remains positive, yet the
signal lines are converging, suggesting a loss of upward drive
The RSI sits at 56.63, indicating neutral momentum and no clear overbought or oversold conditions.Bollinger Bands show the price near the
upper band, hinting at limited immediate upside and a possible pullback
The daily chart supports this view
The index remains above the Ichimoku cloud and key moving averages, but the MACD histogram is declining.The RSI at 56.96 confirms a neutral
Support levels cluster around 8,170 CLP, while resistance sits at 8,332 and 8,400 CLP
The narrowing gap between moving averages often precedes sideways movement or mild correction.Volumes remained solid, with Banco de Chile
and Parque Arauco among the most traded names
steady, reflecting ongoing interest in Latin American equities
4.5% in April, and GDP growth projections remain stable at 2.3% for 2025
In summary, the Chilean stock market paused after recent gains, with technicals pointing to consolidation.Defensive sectors outperformed,
while profit-taking hit some financials and industrials
