Colombian Stock Movers: Avianca Taca Holding, Almacenes Exito
The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 10:25 a.m. New York time.
The IGBC Index (IGBC) gained 0.3 percent to 14,620.45 while the Colcap Index rose 0.3 percent to 1,716.01.
Almacenes Exito SA (EXITO) , Colombia’s biggest publicly traded retailer, rose 0.8 percent to 25,200 pesos, poised for its biggest advance in two weeks. Colombia concluded the first round of negotiations for an accord to deepen trade with Uruguay last week, and a second round will take place in April, according to a Feb. 17 statement from Colombia’s trade ministry.
Exito last year agreed to purchase majority stakes in Uruguayan retailers Disco and Devoto for $746 million from French supermarket operator Casino Guichard-Perrachon SA .
Operations have returned to normal after the carrier had to cancel flights over four days because of labor actions by air- traffic controllers seeking better working conditions. The company said in an e-mailed statement that the government and the controllers reached an agreement last night.
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