Colombian Stock Movers: Bancolombia, Ecopetrol Are Active

The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 10:41 a.m. local time.

The IGBC Index (IGBC) gained 0.2 percent to 14,830.47, while the Colcap Index rose 0.1 percent to 1,708.86.

Bancolombia SA (BCOLO) , Colombia’s biggest lender, rose 1.8 percent, the most intraday in a month, to 27,520 pesos. The company is considering refinancing its debt, including through an exchange, after selling a record $2.7 billion of bonds last year, Chief Executive Officer Carlos Raul Yepes said in an interview yesterday.

Ecopetrol SA (ECOPETL) , Colombia’s largest oil company, fell for a second day, losing 0.4 percent to 5,160 pesos.

Sandra Morelli, Colombia’s comptroller, said an explosion of a pipeline that killed 32 was not caused by rains and can be attributed to a lack of maintenance, the Bogota-based daily El Tiempo reported March 5. Ecopetrol said the pipeline rupture in December was triggered by rainfall that led soil around the infrastructure to give way, according to a March 5 statement.

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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