Cemex Latam Gains Most Since IPO on Colcap Bet: Bogota Mover
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Cemex Latam Holdings SA, a cement maker with operations in Central and South America, gained the most since its initial public offering on speculation the shares may be added to the Colcap index of Colombian stocks.
Cemex Latam gained 2.2 percent to 11,860 pesos at the close of trading in Bogota after earlier rising as much as 4.8 percent. It was the biggest increase since Monterrey, Mexico-based parent Cemex SAB sold shares in Cemex Latam in November. The Colcap, which includes about 20 stocks determined by the Colombian stock exchange, rose 1 percent.