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Friday, November 11, 2011

Colombia Stock Movers : Davivienda Falls; EEB, Rubiales Advance

The following companies had unusual price changes in Bogotá trading. 

Stock symbols are in parentheses and prices are as of 4 p.m. local time.

The IGBC Index rose 1.4 percent to 12,892.48, while the Colcap Index gained 0.5 percent to 1,582.14.

Banco Davivienda SA (PFDAVVND) , Colombia’s third-largest bank, fell 0.8 percent to 20,040 pesos. 

The bank said it sold about 716 billion pesos ($375 million) worth of shares in an offering that ended Nov. 10, according to preliminary results released in a regulatory filing today.

Davivienda President Efrain Forero said Oct. 19 the company sought to sell as much as 800 billion pesos worth of shares as it seeks to expand in Latin America.

Empresa de Energia de Bogota SA (EEB) , Colombia’s second-biggest electricity transporter, rose 0.8 percent to 1,215 pesos. 

The company said third-quarter earnings before interest, taxes, depreciation and amortization increased 16 percent from a year ago, according to a regulatory filing. 

The company said net income fell from a year ago without providing further data.

Pacific Rubiales Energy Corp. (PREC) , the Toronto-based oil producer that operates fields in Colombia, rose 4.7 percent, the most in a week, to 40,000 pesos. 

Oil gained, capping the longest streak of weekly advances since April 2009, on speculation that U.S. economic growth and Europe’s efforts to contain the debt crisis will boost fuel demand.

1 comment:

  1. great you have posted very useful information on your page i like to visit here thanks to you very much for sharing these precious information with us. many movers companies are working on very high scale.

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