Colombia Stock Movers: Almacenes Exito, Enka de Colombia Rise

The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4:12 p.m. New York time.

The IGBC Index fell 0.1 percent to 14,487.19 while the Colcap Index declined 0.1 percent to 1,689.95.

Almacenes Exito SA (EXITO CB), the country’s largest publicly traded retailer, advanced 0.9 percent to 23,800 pesos. Carlos Mario Giraldo, Exito’s chief operating officer, said a spike in domestic food prices in Colombia will have no “material impact” on the company’s results. Giraldo spoke in an interview today at the New York Stock Exchange.

Enka de Colombia SA (ENKA CB), the Medellin-based synthetic fibers maker, rose 1.4 percent to 14.20 pesos. Venezuela has paid $365 million of a total $700 million owed to Colombian exporting companies in a bid to renew trade ties, Foreign Minister Nicolas Maduro said today in Caracas. After meeting with his Colombian counterpart, Maria Angela Holguin, Maduro said the countries have agreed on a plan to pay the remaining amount.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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