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Friday, April 20, 2012

Colombian Stocks : Isagen, Pacific Rubiales Energy Were Active

The following companies had unusual price changes in Bogotá trading. 

Stock symbols are in parentheses, and prices are as of the close of trading.

The IGBC Index (IGBC) rose 0.1 percent to 15,016.67, while the Colcap Index increased 0.2 percent to 1,754.56.

Isagen SA (ISAGEN) , a Colombian energy company, advanced 2.3 percent to 2,400 pesos, extending its gain this week to 6.2 percent. 

Investors are buying shares before April 23, after which holders won’t receive the right to a dividend payment, said Juan Camilo Martinez, an analyst at Medellin-based brokerage Bolsa y Renta. 

Isagen will pay a 77 peso per share dividend payment on April 27, according to a filing March 27 to the financial regulator’s website.

Pacific Rubiales Energy Corp. (PRE) , the Toronto based oil producer that operates fields in Colombia, climbed 1.4 percent to 51,600 pesos. 

Pacific Rubiales gained as oil rose for the first time in three days.

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