Increased quarantine implies a cost of $47.6million per week in housing projects

The confinement measures announced by the Government imply that in this period there will be 778 paralyzed housing projects nationwide. The affected projects total 103,145 homes and directly employ just over 338,000 people. Furthermore, the halting of these projects implies a total cost of $47.6 million per week, considering both Santiago and regions.

Santiago Stock Exchange sinks after announcement of increased quarantine

The IPSA, the main index of the Chilean stock market and which groups the 30 most relevant stocks, closed the session with a fall of 3.48%. As a result, the roles of retail, Latam and construction ended with the biggest decrease. The following shares fell: Ripley's by 9.30%, Falabella by 6.05%, Parque Arauco by 4.66%, Cencosud by 3.26%, Mall Plaza by 4.99% and Latam's by 5.08%. Only 2 shares were saved from the red numbers: CMPC (0.66%) and Enel Chile (1.48%).