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Colombian Stocks: Biomax, Canacol Energy, Textiles Fabricato

Jan. 18 (Bloomberg) -- The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. New York time.

The IGBC Index fell 0.4 percent to 15,149.39, while the Colcap Index declined 0.6 percent to 1,790.41.

Biomax Biocombustibles SA (BIOMAX CB), the Bogota-based fuel distributor, dropped 2.4 percent to 1,810 pesos. Crude oil fluctuated as the International Energy Agency said North American inventories are ample and “well above” the five-year average.

Canacol Energy Ltd. (CNEC CB) increased 1.5 percent to 2,970 pesos. The Calgary-based oil company that operates fields in South America increased for a second day after saying it’s on track to reach its 2011 production goal of 10,000 to 11,000 barrels of oil a day.

Textiles Fabricato Tejicondor SA (FABRI CB), Colombia’s biggest textile maker and exporter, decreased 1.7 percent to 28.20 pesos. Colombia’s peso rose 1.2 percent to 1,857 per U.S. dollar. A stronger local currency can cut into profits for companies that sell abroad.

To contact the reporter on this story: Camila Russo in New York at crusso15@bloomberg.net

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

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