IPSA Slips 0.21% as Copec Falls 3.8% | Chile Market Report, Oct 13
Key Facts
- Chile’s S&P IPSA slipped 0.21% to 11,020.01 on Tuesday 13 October, its first session after Monday’s holiday, as Friday’s close was 11,043.36.
- The Chilean peso weakened about 0.5% to 982 per US dollar, from 976.86 on Friday.
- Copec fell 3.80% and Enel Américas 3.63%, while Banco de Chile rose 1.22% and Falabella 0.68%.
- SQM-B, the lithium producer, fell 1.31%, and the US-listed iShares Chile fund ECH fell 1.03% to US$37.39.
- Prediction markets: Polymarket gives 92% to no change at the Central Bank of Chile’s October decision (US$10,210 traded, read at 8:50 pm ET on 13 October). Bets, not forecasts.
Today’s Focus
Chile’s main share index, the S&P IPSA, slipped 0.21% to 11,020.01 on Tuesday 13 October. Santiago was shut on Monday for a public holiday.
The peso weakened to about 982 per US dollar, up 0.5% for the dollar. Copper, Chile’s main export, was soft in New York, where the CPER copper fund lost 0.44%.
We found no single news item that explains the day. Individual stocks, not a theme, set the tone.
What matters today. A softer peso and a lower IPSA matter to US holders of the ECH fund and of Chilean ADRs such as SQM, because both trim dollar returns.
01 The session in one read
The IPSA closed at 11,020.01, down 23.35 points. It was the first session since Friday’s close of 11,043.36, because Monday 12 October was a public holiday in Chile.
The peso weakened about 0.5% to 982 per US dollar. RT shows 982.5 (+0.58%) and Infobae’s Dow Jones feed 981.9 (+0.52%), against 976.86 on Friday.
The index barely moved while the peso lost ground and two heavyweight shares fell sharply. That points to company-specific selling, not a market-wide shift.
The variable to watch is whether copper steadies after Tuesday’s dip. Chile’s currency and equities both follow the metal.
02 The day’s numbers
| Measure | Level | Change |
|---|---|---|
| S&P IPSA | 11,020.01 | -0.21% |
| USD/CLP | 982.5 | +0.58% |
| iShares Chile fund ECH (US$) | 37.39 | -1.03% |
| S&P 500 (US) | 7,805.45 | -0.02% |
| Dollar index (DXY) | 102.2 | -0.36% |
The dollar index fell 0.36% to 102.2, so the peso’s fall was not a broad dollar rally. We found no confirmed local trigger. Rio Times · Live Market Intelligence
Live Market IntelligenceChile — Live Market Board
Chile — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
IPSA
11,020.01
-0.21%
—
11,043.36
11,210
10,984
1,513,213,483
USD/CLP
913.98
+0.04%
-5.67%
913.65
915.11
906.68
—
COPPER
6.61
+0.03%
+46.70%
6.61
6.71
6.61
39,543
SQM-B
65,305
-0.84%
+49.03%
65,860
66,949
64,978
76,539
COPEC
5,964
-1.09%
-11.70%
6,030
6,100
5,960
634,331
BSANTANDER
78.37
-2.28%
+35.94%
80.20
81.69
78.34
36,288,711
FALABELLA
6,334
-1.48%
+23.28%
6,429
6,450
6,300
26,085,814
ENELAM
87.09
+0.10%
-10.13%
87.00
87.40
86.50
13,106,417
CENCOSUD
1,946
-2.19%
-35.30%
1,990
2,010
1,945
966,528
CMPC
1,020
-1.96%
-29.10%
1,040
1,050
1,015
3,526,677
BANCO CHILE
184.96
-1.01%
+32.87%
186.85
189.99
184.33
18,101,240
LATAM AIR
24.08
-1.11%
+16.61%
24.35
24.59
23.88
573,612,753
SOUTHERN COPPER
193.97
-0.26%
+104.01%
194.48
199.36
192.59
367,102
03 Why it moved: a stock-by-stock session
Declines were concentrated in a few large names. Copec, the fuels and forestry group, fell 3.80%, and Enel Américas, the utility, fell 3.63%.
Banks held up, with Banco de Chile up 1.22% and Santander Chile almost flat. Copper-linked shares in New York were softer, with Southern Copper down 0.61% and Freeport-McMoRan down 1.19%.
04 The day’s movers
| Stock | Note | Change |
|---|---|---|
| Banco de Chile | Largest bank | +1.22% |
| Falabella | Retailer | +0.68% |
| Santander Chile | Bank | -0.06% |
| SQM-B | Lithium and fertiliser | -1.31% |
| Cencosud | Retailer | -1.82% |
| Enel Américas | Utility | -3.63% |
| Copec | Fuels and forestry | -3.80% |
Moves are from RT’s Santiago prices for Tuesday. We did not find company statements for the larger moves.
05 The regional scoreboard
Chile’s small fall contrasted with gains in Mexico (+0.33%), Argentina (+1.45%) and Colombia (+1.54%). Brazil’s Ibovespa fell 1.04%.
In New York, the S&P 500 ended at 7,805.45, down 0.02%. The Dow Jones fell 0.35%.
06 The technical picture and outlook
The IPSA closed at 11,024, 11,043 and 11,020 in its last three sessions. A close below 11,000 would break that range.
US consumer prices for September are due on Wednesday 14 October at 12:30 UTC (8:30 am ET). A hot reading could pressure emerging-market currencies, including the peso.
What Prediction Markets Say
Polymarket, a prediction market, priced no change at the Central Bank of Chile’s October decision at 92%, a 25-basis-point cut at 4.9% and a 25-basis-point rise at 4.0%, with US$10,210 traded (read at 8:50 pm ET on 13 October). Kalshi, a US exchange regulated by the CFTC (the US commodities regulator), priced no change at 91% (30,302 contracts traded).
These prices are bets on the central bank’s next move, not forecasts.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
07 What to watch
- US consumer prices: The September reading is due on Wednesday 14 October at 12:30 UTC (8:30 am ET).
- Copper: A weaker metal would add pressure on the peso and on mining shares.
- The 11,000 line: A close below it would signal fading support for the index.
- The central bank: Prediction markets expect no change at the October decision.
Background: IPSA Edges Up 0.2% to 11,043 as Copec Gains.
Background: IPSA Gains 0.2% to 11,024 as Inflation Slows.
More: Chile news in English, every day from The Rio Times.
Frequently Asked Questions
How did Chilean stocks do on 13 October?
The S&P IPSA slipped 0.21% to 11,020.01, its first session after the Monday holiday.
What happened to the Chilean peso?
It weakened about 0.5% to 982 per US dollar, from 976.86 on Friday.
Why was there no Chile wrap on 12 October?
Monday 12 October was a public holiday in Chile and the exchange was closed.
What do prediction markets expect from Chile’s central bank?
Polymarket priced no change at 92% for the October decision, as of 8:50 pm ET on 13 October. These are bets, not forecasts.
Market data: RT; peso cross-check: Dow Jones via Infobae; prediction markets: Polymarket, Kalshi (as of 8:50 pm ET, 13 October 2026)
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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