Colombian Stocks: Grupo Sura, Cementos Argos, Petrominerales
The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses, and prices are as of the market close.
The IGBC Index (IGBC) dropped 0.8 percent to 14,036.93, while the Colcap Index decreased 0.2 percent to 1,672.84.
Grupo de Inversiones Suramericana SA (PFGRSURA CB), Latin America’s largest private pension-fund manager, fell 1.6 percent to 32,600 pesos. Colombian brokerage Interbolsa SA cut its target price on Grupo Sura to 44,000 pesos a share, from 45,810, according to data compiled by Bloomberg. Interbolsa maintained its buy recommendation on the company.
Cementos Argos SA (CEMARGOS) , the country’s biggest cement maker, rose to 6,050 pesos in the first day of trading after a six-day suspension. The shares were suspended as part of a plan announced last year to spin off assets to Inversiones Argos SA. Cementos Argos’s shares had an initial price today of 5,522 pesos, according to a May 30 regulatory filing.
Oil producers dropped as crude for July delivery fell 0.8 percent to settle at $84.10 a barrel in New York.
Petrominerales Ltd. (PMG) , a Calgary-based oil company that operates in the Andean region, decreased 2.9 percent to 22,820 pesos. Pacific Rubiales Energy Corp. (PRE) , which operates Colombia’s largest oil field, slumped 2.5 percent to 44,200 pesos. Ecopetrol SA (ECOPETL) , Colombia’s largest oil company, dropped 0.9 percent to 5,230 pesos.
To contact the reporter on this story: Christine Jenkins in New York at email@example.com
To contact the editor responsible for this story: David Papadopoulos at firstname.lastname@example.org