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 2.7 percent to 13,372.39 while the Colcap Index dropped 2.6 percent to 1,626.82, the lowest levels since August, as global stocks sank on concern Europe's debt crisis will spread.
Almacenes Exito SA (EXITO CB), Colombia's biggest publicly traded retailer, fell 3 percent to 22,300 pesos, a nine-month low.
The company dropped for a fourth consecutive day after Exito shareholders approved plans to raise as much as $1.4 billion by selling new shares and to buy a stake in Uruguayan supermarkets from majority shareholder Casino Guichard-Perrachon SA, according to a July 6 regulatory filing.
Pacific Rubiales Energy Corp. (PREC), the Toronto-based oil producer that operates fields in Colombia, fell to a 10-month low as the government investigates the company's subsidiary and investors move into less risky stocks, said Juan David Pineros, analyst at Interbolsa SA.
The stock fell 4.7 percent to 43,860 pesos, the lowest in 10 months.
Oil companies fell as crude dropped, and as investors free up funds to buy offerings such as last month's share sale by Grupo Nutresa SA (NUTRESA CB), Colombia's largest food producer, and planned sales by Grupo de Inversiones Suramericana SA (GRUPOSUR), Ecopetrol SA (ECOPETL CB) and Exito, said Juan David Pineros, analyst at Interbolsa SA, Colombia's largest brokerage.
Ecopetrol SA (ECOPETL CB), Colombia's biggest oil company, fell 2.6 percent to 3,605 pesos, the lowest since April 18.
Canacol Energy Ltd. (CNEC CB), the Calgary based oil company with fields in South America, fell 5.4 percent to 1,770 pesos, the lowest in nearly a year.
The IGBC Index fell 2.7 percent to 13,372.39 while the Colcap Index dropped 2.6 percent to 1,626.82, the lowest levels since August, as global stocks sank on concern Europe's debt crisis will spread.
Almacenes Exito SA (EXITO CB), Colombia's biggest publicly traded retailer, fell 3 percent to 22,300 pesos, a nine-month low.
The company dropped for a fourth consecutive day after Exito shareholders approved plans to raise as much as $1.4 billion by selling new shares and to buy a stake in Uruguayan supermarkets from majority shareholder Casino Guichard-Perrachon SA, according to a July 6 regulatory filing.
Pacific Rubiales Energy Corp. (PREC), the Toronto-based oil producer that operates fields in Colombia, fell to a 10-month low as the government investigates the company's subsidiary and investors move into less risky stocks, said Juan David Pineros, analyst at Interbolsa SA.
The stock fell 4.7 percent to 43,860 pesos, the lowest in 10 months.
Oil companies fell as crude dropped, and as investors free up funds to buy offerings such as last month's share sale by Grupo Nutresa SA (NUTRESA CB), Colombia's largest food producer, and planned sales by Grupo de Inversiones Suramericana SA (GRUPOSUR), Ecopetrol SA (ECOPETL CB) and Exito, said Juan David Pineros, analyst at Interbolsa SA, Colombia's largest brokerage.
Ecopetrol SA (ECOPETL CB), Colombia's biggest oil company, fell 2.6 percent to 3,605 pesos, the lowest since April 18.
Canacol Energy Ltd. (CNEC CB), the Calgary based oil company with fields in South America, fell 5.4 percent to 1,770 pesos, the lowest in nearly a year.
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