Colombian Stock Movers: Grupo Aval Declines; Ecopetrol Gains

The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 11:44 a.m. local time.

The IGBC Index (IGBC) gained 0.1 percent to 12,659.15, while the Colcap Index declined 0.2 percent to 1,577.05.

Grupo Aval Acciones y Valores SA (AVAL) , Banco de Bogota’s parent company, fell 2.5 percent to 1,190 pesos.

Colombian banks declined after Finance Minister Juan Carlos Echeverry announced a new decree under which banks will be able to charge a maximum 3,965 pesos for withdrawals from automated teller machines outside their networks.

Ecopetrol SA (ECOPETL) , Colombia’s largest oil company, gained 0.4 percent to 4,235 pesos. Oil prices rose for a third day as inventories declined the most in a decade.

To contact the reporter on this story: Blake Schmidt in Bogota at

To contact the editor responsible for this story: David Papadopoulos at

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.