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 0.2 percent to 14,182.80, while the Colcap Index was little changed at 1,721.36.
Bolsa de Valores de Colombia (BVC) SA, the operator of the country’s main securities exchange, rose 0.5 percent to 41.2 pesos after the company said it will vote on plans to merge with the Bolsa de Valores de Lima SA (BVLBC1) (BVLBC1 PE) in a June 16 shareholder meeting.
Fabricato SA (FABRI CB), Colombia’s largest textile maker, rose 3.7 percent to 56.5 pesos after the company said it has paid down its debts under the country’s bankruptcy law to 5.6 billion pesos ($3 million).
The company made a payment of 13.8 billion pesos through an unnamed third party to Colombia’s tax agency as part of its obligations under the bankruptcy law, it said in a regulatory filing yesterday.
Tableros y Maderas de Caldas SA (TABLEMA) , a Colombian wood products maker, rose 4.3 percent to 12.2 pesos, its highest in more than four years on an intraday basis, after it was given a “buy” recommendation with a target price of 16.6 pesos in brokerage Celfin Capital’s initiation of coverage yesterday.
Stock symbols are in parentheses and prices are as of 11:33 a.m. New York time.
The IGBC Index rose 0.2 percent to 14,182.80, while the Colcap Index was little changed at 1,721.36.
Bolsa de Valores de Colombia (BVC) SA, the operator of the country’s main securities exchange, rose 0.5 percent to 41.2 pesos after the company said it will vote on plans to merge with the Bolsa de Valores de Lima SA (BVLBC1) (BVLBC1 PE) in a June 16 shareholder meeting.
Fabricato SA (FABRI CB), Colombia’s largest textile maker, rose 3.7 percent to 56.5 pesos after the company said it has paid down its debts under the country’s bankruptcy law to 5.6 billion pesos ($3 million).
The company made a payment of 13.8 billion pesos through an unnamed third party to Colombia’s tax agency as part of its obligations under the bankruptcy law, it said in a regulatory filing yesterday.
Tableros y Maderas de Caldas SA (TABLEMA) , a Colombian wood products maker, rose 4.3 percent to 12.2 pesos, its highest in more than four years on an intraday basis, after it was given a “buy” recommendation with a target price of 16.6 pesos in brokerage Celfin Capital’s initiation of coverage yesterday.
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