SANTIAGO - Shares in Chilean football club
Universidad de Chile jumped on Monday while rival club
Universidad Catolica's stock plunged, as their tournament final
clash a day earlier played out on the stock market.
Universidad de Chile beat Catolica 4-1 in the final of the
Apertura tournament, one of the country's most important
championships, on Sunday.
"This is clearly to do with [Universidad de Chile's] future
development," said Elizabeth Palma, an analyst with the Tanner
brokerage in Santiago.
"There will be advertising contracts,
sales of players, or even purchases of more players to add to
the value of the team."
Shares of Azul Azul, the company that administers
Universidad de Chile, rose more than 13 percent in early
trading before easing to a 2.17% gain at 470 pesos a
Shares in Cruzados, which manages Universidad
Catolica, were down 5.53 percent at 205 pesos each after
earlier falling as much as 17 percent.
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