Bancolombia, Distribucion y Servicio: Latin Equity Preview

The following stocks may make significant gains or losses in Latin American markets today. Symbols are in parentheses after company names, and stock prices are from the last session.

The Morgan Stanley Capital International index of Latin American shares fell 2.2 percent to 4,515.35 yesterday. Markets in Chile and Peru were closed for holidays yesterday. Markets in Brazil and Mexico are closed today.

In Brazil, preferred shares are the most commonly traded class of stock.

Chile

Distribucion y Servicio D&S SA (DYS CC): The board of Chile's biggest supermarket chain agreed to pay an interim dividend of 2 pesos a share. The dividend will be paid on Nov. 26 to shareholders of record on Nov. 20, the Santiago-based retailer wrote in a regulatory filing after the close of trading Oct. 31. D&S fell 2.06 pesos, or 0.7 percent, to 300.27 pesos.

Parque Arauco SA (PARAUCO CC): The Santiago, Chile-based mall developer and operator confirmed it has held talks with IRSA Inversiones y Representaciones SA, Argentina's biggest real-estate developer, to sell its stake in Alto Palermo SA. The parties haven't reached an agreement over terms of the deal, or a timeframe for the negotiations, Parque Arauco said in an Oct. 31 regulatory filing. El Mercurio newspaper reported Parque Arauco will sell the stake to IRSA for $200 million to $230 million by year's end. Parque Arauco rose the most in four months, adding 35 pesos, or 5.8 percent, to 635 pesos on Oct.31, when trading was halted.

Colombia

Bancolombia SA (BCOLO CB): Plans by Colombia's biggest lender to charge a 1,500 peso fee on ATM transactions for high- use customers may generate ``negative publicity,'' though the bank says it expects a ``minimum loss'' of customers, Interbolsa SA analysts including Rupert Stebbings wrote in a note e-mailed yesterday. The Medellin-based bank fell 260 pesos, or 1.5 percent, to 17,120 pesos.

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