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 fell 0.1 percent to 13,846.66, while the Colcap Index dropped 0.2 percent to 1,673.86.
Almacenes Exito SA (EXITO) , Colombia’s biggest publicly traded retailer, fell 0.8 percent to 23,540 pesos, the lowest since Feb. 22.
The stock fell for a second consecutive day after Exito shareholders approved plans to raise as much as $1.4 billion by selling new shares as the company is to buy a stake in Uruguayan supermarkets from majority shareholder Casino Guichard-Perrachon SA, according to a regulatory filing yesterday.
Avianca Taca Holding SA (PFAVTA CB), owner of Colombia’s biggest airline, rose the most since it began trading May 11 as first-half passenger traffic rose 19.4 percent from a year ago, and the company denied speculation that it may soon issue new shares, according to regulatory filings.
The stock rose 3 percent to 4,840 pesos after rising as much as 3.8 percent earlier.
Empresa de Telecomunicaciones de Bogota (ETB) SA, the phone company serving Colombia’s capital, fell 2.1 percent, the most since June 15, to 737 pesos.
The company will lose value should the city decide not to sell a stake in the service provider, Beatriz Arbelaez, Bogota’s former secretary of finance, told a radio network.
Arbelaez said she resigned because of differences with the acting Bogota Mayor Clara Lopez, who opposes selling a stake.
The IGBC Index fell 0.1 percent to 13,846.66, while the Colcap Index dropped 0.2 percent to 1,673.86.
Almacenes Exito SA (EXITO) , Colombia’s biggest publicly traded retailer, fell 0.8 percent to 23,540 pesos, the lowest since Feb. 22.
The stock fell for a second consecutive day after Exito shareholders approved plans to raise as much as $1.4 billion by selling new shares as the company is to buy a stake in Uruguayan supermarkets from majority shareholder Casino Guichard-Perrachon SA, according to a regulatory filing yesterday.
Avianca Taca Holding SA (PFAVTA CB), owner of Colombia’s biggest airline, rose the most since it began trading May 11 as first-half passenger traffic rose 19.4 percent from a year ago, and the company denied speculation that it may soon issue new shares, according to regulatory filings.
The stock rose 3 percent to 4,840 pesos after rising as much as 3.8 percent earlier.
Empresa de Telecomunicaciones de Bogota (ETB) SA, the phone company serving Colombia’s capital, fell 2.1 percent, the most since June 15, to 737 pesos.
The company will lose value should the city decide not to sell a stake in the service provider, Beatriz Arbelaez, Bogota’s former secretary of finance, told a radio network.
Arbelaez said she resigned because of differences with the acting Bogota Mayor Clara Lopez, who opposes selling a stake.
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