Harmful algal bloom. (Photo: Lamiot/CC BY-SA 3.0)

Salmon farming shares fall nearly 10pc due to harmful algal event

CHILE
Wednesday, March 02, 2016, 22:30 (GMT + 9)

The impacts of the harmful algal bloom in the Group of Salmon Concessions ("neighbourhood") No. 2, which is housed in Reloncaví (Los Lagos Region), were moved to the Santiago Stock Exchange (BCS).

It was so at the close of the trading session on Tuesday March 1 when all salmon farms registered setbacks, even monopolizing the three major falls of the day. Salmon production was most affected at AquaChile, whose shares contracted by 9.20 per cent to USD 217.9; followed by Australis, with a -8.97 per cent (USD 13.4); Camanchaca with 5.95 per cent (USD 16.9); Invermar with -2 per cent (USD 49); Blumar with -1.66 per cent (USD 101.0); and finally, Multiexport with -1.45 per cent (USD 90.6).

In contrast, Marine Harvest, which is listed on the Oslo Stock Exchange (Norway) and that on Tuesday reported a 1.2 million fish mortality rate (worth some USD 10 million) because of the same algal phenomenon, closed the day with an advance of 1.12 per cent and even positioning itself among the five most traded companies of the day on the Norwegian market.

Despite the collapse of the salmon farm shares, the Santiago Stock Exchange ended the day with a higher trend thanks to the good performance of the great values. Specifically, the Selective Price Index (IPSA), which is the country's main stock index, which rose 0.78 per cent to 3744.66 points, as the General Price Index (IGPA), which added 0.66 per cent, reaching 18,379 integers.

Source: Aqua.cl

[email protected]
www.seafood.media

Print