Colombia Stocks: Cementos Argos, Conconcreto, Enka Rise
The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. New York time.
The IGBC Index fell 0.3 percent to 14,209.12, while the Colcap Index declined 0.1 percent to 1,710.67.
Construction companies rose after Colombia granted licenses for 2.2 million square meters of construction in March, a 79 percent increase from a year ago, the national statistics agency said on its website late yesterday.
Cementos Argos SA (CEMARGOS) , Colombia’s biggest cement maker, rose 0.9 percent to 11,180 pesos.
Conconcreto SA (CONCONC CB), a Colombian construction company, rose 5.1 percent to 1,665 pesos, its highest level since Jan. 4. Conconcreto rose for a third day after the company and Salfacorp SA, Chile’s largest engineering and construction company, agreed to pay $32 million for 80 percent of Panamanian builder Intercoastal Marine Inc. on May 16.
Enka de Colombia SA (ENKA) , a Medellin-based synthetic fibers producer, rose 1.5 percent to 13.5 pesos after Trade Minister Sergio Diaz Granados said the Obama administration’s demand for extended retraining assistance for American workers who lose jobs to foreign competition will not slow debate of a trade agreement with the U.S., the daily Colombiano reported.
To contact the reporter on this story: Blake Schmidt in Bogota at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com