Chile stocks rise, buoyed by earnings; peso slips

(Adds quote, details, closing stock figures)

SANTIAGO, April 30 (Reuters) - Chilean stock indexes ended higher on Wednesday, buoyed by local earnings reports as Wall Street wilted after the Federal Reserve hinted at a pause in further rate cuts.

The peso closed lower against the dollar earlier in the day, as U.S. growth suggested little space for further cuts.

The all-market IGPA index .IGPA advanced 0.53 percent to 13,982.91 points, closing the month with a gain of 4 percent, while the blue-chip IPSA .IPSA rose 0.75 percent to 2,989.41 points.

"In Chile, we're following earnings reports 100 percent. As soon as they come out, the results are being incorporated into stocks prices," said Marcelo Ogaz, an analyst with the BICE brokerage. "And the latest reports have been in line with, or a bit above expectations."

On the blue-chip index, 21 issues closed higher, 16 fell and three ended unchanged.

Gains were led by industrial conglomerate Copec COP.SN, weighted at 16 percent of the IPSA, as its stock rose 1.32 percent to 7,651 pesos.

Copec, one of the world's largest wood pulp exporters reported a decline in first quarter earnings to $279 million, as a cheaper dollar offset rising rising wood pulp prices and volumes, but analysts said operating results were positive.

Other rising heavyweights included regional retailer Cencosud CEN.SN, as its shares jumped 2.9 percent, and regional energy group Enersis ENE.SN, with an advance of 1.67 percent.