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 0.2 percent to 14,058.45, while the Colcap Index dropped 0.3 percent to 1,697.
Coltejer SA (COLTEJ) , a Medellin based clothing maker and exporter, jumped 19 percent, the most in three years. President Juan Manuel Santos said he expects U.S. lawmakers to approve a free-trade agreement with Colombia by august as a consensus emerges between Democrats and Republicans, according to a statement on the presidential website.
The Obama administration hopes to send pending free trade agreements with Colombia, Panama and Korea to Congress before the August recess, the Miami Herald reported today, citing State Department official Kevin Sullivan.
Fabricato SA (FABRI CB), Colombia’s biggest textile maker, rose 4.9 percent to 64 pesos.
Enka de Colombia SA (ENKA) , a Medellin-based synthetic fibers producer, added 4.7 percent, the most in a month, to 13.5 pesos.
Pacific Rubiales Energy Corp. (PREC) , the Toronto-based oil producer that operates fields in Colombia, rose 2.2 percent to 47,460 pesos, the most in nearly two months.
“Speculators are looking around for things to get into that have been badly hit,” said Rupert Stebbings, director of Celfin Colombia. “Pacific Rubiales had been trading at levels it shouldn’t have been.”
The stock fell to 46,440 pesos on June 15, the lowest since September 2010.
Stock symbols are in parentheses and prices are as of 4 p.m. New York time.
The IGBC Index rose 0.2 percent to 14,058.45, while the Colcap Index dropped 0.3 percent to 1,697.
Coltejer SA (COLTEJ) , a Medellin based clothing maker and exporter, jumped 19 percent, the most in three years. President Juan Manuel Santos said he expects U.S. lawmakers to approve a free-trade agreement with Colombia by august as a consensus emerges between Democrats and Republicans, according to a statement on the presidential website.
The Obama administration hopes to send pending free trade agreements with Colombia, Panama and Korea to Congress before the August recess, the Miami Herald reported today, citing State Department official Kevin Sullivan.
Fabricato SA (FABRI CB), Colombia’s biggest textile maker, rose 4.9 percent to 64 pesos.
Enka de Colombia SA (ENKA) , a Medellin-based synthetic fibers producer, added 4.7 percent, the most in a month, to 13.5 pesos.
Pacific Rubiales Energy Corp. (PREC) , the Toronto-based oil producer that operates fields in Colombia, rose 2.2 percent to 47,460 pesos, the most in nearly two months.
“Speculators are looking around for things to get into that have been badly hit,” said Rupert Stebbings, director of Celfin Colombia. “Pacific Rubiales had been trading at levels it shouldn’t have been.”
The stock fell to 46,440 pesos on June 15, the lowest since September 2010.
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