The regulator said trading of the shares will be suspended as a preventive measure to protect investors, “taking into account the behavior that the shares have had in recent days,” according to an e-mailed statement.
The shares fell 3.7 percent today to 1,050 pesos at 11:05 a.m. Bogota time. Shares have fallen 17 percent in the past three days. Colombia’s IGBC benchmark index dropped 3.3 percent in that same period.
To contact the reporter on this story: Blake Schmidt in Bogota at email@example.com
To contact the editor responsible for this story: David Papadopoulos at firstname.lastname@example.org