Colombian Stock Movers: Corficol, ETB, Pacific Rubiales Increase
The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 3 p.m. New York time.
The IGBC Index fell 0.4 percent to 15,306.62, while the Colcap Index declined 0.6 percent to 1,798.90.
Corp. Financiera Colombiana (CORFICOL CB), the financial- services and holding company with investments in the construction industry, rose 0.5 percent to 34,980. Colombia’s producer price index rose 4.8 percent in December from a decline of 2.19 percent in the same period in 2009, according to a report published yesterday after trading hours by the country’s National Statistics Administration.
Empresa de Telecomunicaciones de Bogota SA (ETB CB), the state-run telecommunications provider serving Colombia’s capital, rose 0.6 percent to 670 pesos. Fitch Ratings gave Latin America telecom and media companies a stable ratings outlook for this year.
Pacific Rubiales Energy Corp. (PREC CB), the Toronto-based oil producer that operates fields in Colombia, gained 2.2 percent to 65,300 pesos. Crude oil rose after reports showed that U.S. service industries expanded and companies added workers in December, signaling that fuel demand may increase in the world’s biggest oil-consuming country.
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