Watch Live

Tweet TWEET

Colombia Stocks: Biomax, ETB, Bancolombia, Banco de Bogota

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 0.6 percent to 14,462.77, while the Colcap Index declined 0.4 percent to 1,753.64.

Biomax Biocombustibles SA (BIOMAX) , the Bogota-based fuel distributor, rose 3.2 percent, the most in four months, to 1,775 pesos. Company President Ramiro Sanchez said it will become the country’s third-biggest fuel distributor with 14 percent of market share when it buys shares in Brio de Colombia next week, according to an interview in Portafolio yesterday.

Empresa de Telecomunicaciones de Bogota (ETB) SA, the state-run phone company serving Colombia’s capital, fell 4.8 percent, the most in two months, to 676 pesos. Bogota city council president Maria Victoria Vargas said the council would vote on a proposal to sell the city’s majority stake in the company no sooner than July.

Colombian banks rose after Moody’s Investors Service upgraded foreign currency ratings of Bancolombia SA (BCOLO) and Banco de Bogota SA (BOGOTA) yesterday to Baa3 from Ba2.

Bancolombia, Colombia’s biggest bank, rose 1.3 percent to 29,480 pesos.

Banco de Bogota, Colombia’s second-biggest lender, rose 0.3 percent to 52,500 pesos.

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.