Latam Airlines Overtakes Lithium Giant as Chile’s Most Traded Stock

Official data from the Santiago Stock Exchange shows that Latam Airlines has become Chile’s most traded stock over the past year.

The airline’s 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-B’s 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 airline’s 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.

This shift matters because it shows where investors see the most promise in Chile’s economy. The focus has moved from lithium, which powered a trading boom, to sectors like airlines and banking.

These changes highlight how Chile’s 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.

Top 10 Most Traded Stocks on the Santiago Stock Exchange (2025)