Chile's stocks rose on Friday as investors snapped up bargain exporters that have been hit hard over recent sessions due to appreciation in the peso currency, which investors fear could hurt their profits, analysts said.
The IPSA blue-chip index rose 0.70 percent to 1,445.45 points, with an accumulated loss of 2.65 percent this year. The broader IGPA index rose 0.46 percent to 7,188.22 points.
"Today the market was more dynamic as investors snapped up attractive stocks in a market that has been flat or fallen over recent days," said Cesar Perez, analyst with Celfin brokerage.
Key gainers were industrial conglomerate Copec which firmed by 2.30 percent to 4,450 pesos per share on rising prices of woodpulp, its principal export, Perez said.
Other gainers included specialised fertiliser producer Soquimich, up 2.6 percent to 2,360 pesos per share and winery Concha y Toro, which rose 2 percent to 510 pesos.
Both of those exporting firms had been hit hard over recent days as the peso appreciated during five successive sessions from Friday last week to Thursday this week.
Turnover in the stock market was low at $11.5 million.
Chile's peso currency slid against the US dollar ending a five-day rally as the euro slipped against the greenback.
The peso ended 0.57 percent lower at 578.30/578.80 compared to its closing price of 575.00/575.50 on Thursday.