Colombia Stock Movers : Bancolombia, Ecopetrol, Pacific Rubiales

The following companies had unusual price changes in Bogota trading. 

Stock symbols are in parentheses and prices are as of 4 p.m. local time.

The IGBC Index rose 0.2 percent to 12,693.02, while the Colcap Index declined 0.5 percent to 1,584.91.

Trading is slow in Colombian markets this week amid the year-end holidays, said Santiago Melo, an analyst at brokerage Alianza Valores SA. Colombian markets are closed Dec. 30.

Bancolombia SA (PFBCOLO CB), Colombia’s biggest bank, fell 3.4 percent to 28,740 pesos. 

The stock faces a technical resistance level, or ceiling restricting further price increases, between 29,000 pesos and 30,000 pesos, according to Melo. 

As it approached 30,000 pesos, investors began to sell, he said.

Ecopetrol SA (ECOPETL CB), Colombia’s largest oil company, rose 0.9 percent to 4,265 pesos. 

Oil increased for a sixth day, the longest stretch in 13 months, as Iran threatened to block transportation through the Strait of Hormuz.

Pacific Rubiales Energy Corp. (PREC CB), the Toronto based oil producer that operates fields in Colombia, rose 2.3 percent to 35,220 pesos.