Colombia Stock Movers: Canacol Energy Ltd., Bancolombia SA Gain

The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 3 p.m. local time.

The IGBC Index rose 1.8 percent to 13,256.92, while the Colcap Index gained 0.9 percent to 1,609.71.

Bancolombia SA (BCOLO) , the nation’s biggest bank, rose 0.4 percent to 28,600 pesos, after the bank sold 600 billion pesos ($315 million) worth of bonds in the Colombian market yesterday in an oversubscribed offering.

Bancolombia sold 2.5-year securities to yield 1.85 percentage points above the DTF interbank rate, the Colombian stock exchange said in an e-mailed statement yesterday.

The lender also sold eight-, 12- and 15-year bonds to yield 4.1, 4.45 and 4.62 percentage points above inflation, respectively, according to the statement. Investor demand for the securities totaled 1.28 trillion pesos.

Canacol Energy Ltd. (CNE) , the Calgary-based oil company that operates fields in South America, rose 5.7 percent, the most in three weeks, to 1,290 pesos. The company said the Rancho Hermoso 12 well is producing about 14,790 barrels of crude daily, according to a regulatory filing today.

CEO Charle Gamba said the well’s production is “significantly better than expected” and the company will soon begin developing the Rancho Hermoso 13 well, according to the filing.

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

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