Colombian Stocks: Exito, Pacific Rubiales, Petrominerales
The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses, and prices are as of 12:58 p.m. local time.
The IGBC Index (IGBC) dropped as much as 2.4 percent to 13,627.86, the largest intraday decline since June 1, while the Colcap Index decreased 2.2 percent to 1,649.46.
Almacenes Exito SA (EXITO) , the largest publicly traded retailer in Colombia, fell 1.1 percent to 28,560 pesos. Retail sales dropped 2.8 percent in April from a year earlier, the first year-on-year reduction since September 2009, the national statistics agency said yesterday. The reading was worse than all of the forecasts compiled by Bloomberg.
Oil producers dropped as crude tumbled to below $80 a barrel in New York for the first time in eight months.
Pacific Rubiales Energy Corp. (PRE) , which operates the country’s largest oil field, fell as much as 4.5 percent to 38,240 pesos, the lowest intraday level since Jan. 13. Petrominerales Ltd. (PMGC) , a Calgary-based oil company that operates in the Andean region, slumped 5.2 percent to 20,300 pesos. Ecopetrol SA (ECOPETL) , the country’s largest oil company, decreased 2.6 percent to 5,320 pesos.
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