The following companies had unusual price changes in Bogota trading.
Stock symbols are in parentheses and prices are as of 4 p.m. New York time.
The IGBC Index rose 0.5 percent to 14,274.10 while the Colcap Index added 0.7 percent to 1,721.61. IGBC data “inconsistencies” were resolved after a lapse today and the index’s calculations are again accurate, said an official for the Bolsa de Valores de Colombia, operator of the country’s main securities exchange, who can’t be identified because of company policy.
Canacol Energy Ltd. (CNEC) , the Calgary-based oil company that operates fields in South America, rose 1.2 percent to 2,065 pesos, a one-week high.
The company announced the start of its heavy oil exploration drilling program on two contracts in southern Colombia, according to a statement on the company’s website.
Mineros SA (MINEROS) , Colombia’s largest gold producer, rose 2.1 percent, the most in two weeks, to 6,360 pesos as gold rose to a seven week high on fluctuations in currency markets that boosted demand for the precious metal as an alternative investment.
Pacific Rubiales Energy Corp. (PRE) , the Toronto-based oil producer that operates fields in Colombia, rose 0.7 percent to 49,420 pesos, contributing to the biggest three day gain since April 7.
Investors are betting the stock’s decline last month was overdone and are expecting positive news when the company announces details of future dividend payments, said Camilo Rubiano, head of research at brokerage Afin SA.
The IGBC Index rose 0.5 percent to 14,274.10 while the Colcap Index added 0.7 percent to 1,721.61. IGBC data “inconsistencies” were resolved after a lapse today and the index’s calculations are again accurate, said an official for the Bolsa de Valores de Colombia, operator of the country’s main securities exchange, who can’t be identified because of company policy.
Canacol Energy Ltd. (CNEC) , the Calgary-based oil company that operates fields in South America, rose 1.2 percent to 2,065 pesos, a one-week high.
The company announced the start of its heavy oil exploration drilling program on two contracts in southern Colombia, according to a statement on the company’s website.
Mineros SA (MINEROS) , Colombia’s largest gold producer, rose 2.1 percent, the most in two weeks, to 6,360 pesos as gold rose to a seven week high on fluctuations in currency markets that boosted demand for the precious metal as an alternative investment.
Pacific Rubiales Energy Corp. (PRE) , the Toronto-based oil producer that operates fields in Colombia, rose 0.7 percent to 49,420 pesos, contributing to the biggest three day gain since April 7.
Investors are betting the stock’s decline last month was overdone and are expecting positive news when the company announces details of future dividend payments, said Camilo Rubiano, head of research at brokerage Afin SA.
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