The following companies are having unusual price changes in Bogota trading.
Stock symbols are in parentheses and prices are as of 11:33 a.m. New York time.
The IGBC Index rose 1.3 percent to 14,233.98, its largest jump in two weeks, while the Colcap Index gained 1.1 percent to 1,679.07, its biggest gain in a month.
Enka de Colombia SA (ENKA) , a Medellin-based synthetic fibers producer, rose 2.9 percent to 14.2 pesos, after President Juan Manuel Santos met yesterday with six Republican U.S. congress members who vowed to back a free trade accord with Colombia, according to a statement on the presidential website.
Textiles Fabricato Tejicondor SA (FABRI) , Colombia’s biggest textile maker, dropped 1.4 percent to 43.4 pesos after brokerage Bolsa y Renta lowered its recommendation from “buy” to “hold” in an e-mailed report yesterday.
Canacol Energy Ltd (CNE) , the Calgary-based oil company that operates fields in South America, rose 3.4 percent to 2,460 pesos, as crude rose for a second day in New York on optimism the economic recovery is accelerating.
Canacol’s gain mirrored an increase in Canadian stocks as oil and metals gained on a weaker U.S. dollar, said Santiago Melo, an analyst at Alianza Valores SA.
Stock symbols are in parentheses and prices are as of 11:33 a.m. New York time.
The IGBC Index rose 1.3 percent to 14,233.98, its largest jump in two weeks, while the Colcap Index gained 1.1 percent to 1,679.07, its biggest gain in a month.
Enka de Colombia SA (ENKA) , a Medellin-based synthetic fibers producer, rose 2.9 percent to 14.2 pesos, after President Juan Manuel Santos met yesterday with six Republican U.S. congress members who vowed to back a free trade accord with Colombia, according to a statement on the presidential website.
Textiles Fabricato Tejicondor SA (FABRI) , Colombia’s biggest textile maker, dropped 1.4 percent to 43.4 pesos after brokerage Bolsa y Renta lowered its recommendation from “buy” to “hold” in an e-mailed report yesterday.
Canacol Energy Ltd (CNE) , the Calgary-based oil company that operates fields in South America, rose 3.4 percent to 2,460 pesos, as crude rose for a second day in New York on optimism the economic recovery is accelerating.
Canacol’s gain mirrored an increase in Canadian stocks as oil and metals gained on a weaker U.S. dollar, said Santiago Melo, an analyst at Alianza Valores SA.
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