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Tuesday, January 17, 2012

Colombian Stock Movers : Ecopetrol, Interconexion Electrica Gain

The following companies are having unusual price changes in Bogotá trading. 

Stock symbols are in parentheses and prices are as of 9:24 a.m. local time.

The IGBC Index gained 0.7 percent to 13,177.60, while the Colcap Index gained 0.5 percent to 1,585.61.

Ecopetrol SA (ECOPETL CB), Colombia’s largest oil producer, gained 1 percent to 4,460 pesos. 

The company said yesterday there were no “significant” production cuts because of a labor protest.

Interconexion Electrica SA (ISA CB), Latin America’s biggest power line operator, rose 0.5 percent to 11,000 pesos. 

The company plans to bid for energy-transmission projects in Chile this year, Portafolio the economy magazine said, citing an interview with Chief Executive Officer Luis Fernando Alarcón yesterday.

ISA, as the Medellin-based company is known, also plans to bid for projects in Peru and Brazil, Alarcón told the Bogotá based daily.

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