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 bschmidt16@bloomberg.net

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

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