Colombia Stocks : Helm Bank and Pacific Rubiales Are Active

The IGBC Index (IGBC) fell 0.3 percent to 15,076.02 while the Colcap Index (Colcap) dropped 0.4 percent to 1,748.79.

Helm Bank SA (PFBHELM) (PFBHELMB CB), a Colombian lender, rose 2.1 percent to 531 pesos. 

The Bogotá based bank’s shares have surged 45 percent this month on speculation it will be acquired. Helm Corp., the controlling shareholder, said April 10 that it hired an investment bank to “advise in the analysis of business alternatives for its investment.”

Pacific Rubiales SA (PRE) fell 0.6 percent to 51,100 pesos. 

The Toronto-based oil producer that operates fields in Colombia dropped in line with the price of crude.