Colombian Stocks: Empresa de Energia, Ecopetrol, Fabricato

The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses, and prices are as of the close of trading.

The IGBC Index (IGBC) rose 0.9 percent to 14,957.25, while the Colcap Index increased 0.7 percent to 1,749.43.

Empresa de Energia de Bogota SA (EEB CB), a Colombian electricity distributor, jumped 5.6 percent to 1,035 pesos. EEB gained the most in eight months after saying first-quarter net income more than doubled from a year earlier to 540 billion pesos ($306.5 million).

Ecopetrol SA (ECOPETL) , Colombia’s largest oil company, advanced 2.7 percent to 5,420 pesos. Ecopetrol said it found oil in a new well at its Tisquirama block in northern Colombia and expects to “significantly” increase production in the area.

Fabricato SA (FABRI) , a Colombian textile maker, fell 0.6 percent to 89 pesos. The company reported a first-quarter net loss of 9.9 billion pesos in a filing to the financial regulator late yesterday. Sales decreased 3.6 percent from a year ago to 145.2 billion pesos, the company said.

To contact the reporter on this story: Christine Jenkins in New York at cjenkins28@bloomberg.net

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

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