Bloomberg News

Colombian Stock Movers: Cementos Argos, Ecopetrol Advance

October 04, 2011

Oct. 4 (Bloomberg) -- 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 rose 0.5 percent to 12,579.23 while the Colcap Index increased 1.1 percent to 1,567.69.

Cementos Argos SA (CEMARGOS CB), Colombia’s biggest cement maker, rose 1.9 percent to 10,760 pesos. The company said it completed its $760 million purchase of U.S. assets of Lafarge SA, the world’s biggest cement producer, according to a regulatory filing.

Ecopetrol SA (ECOPETL CB), Colombia’s largest oil company, rose 3.5 percent to 3,885 pesos. The company said it found oil in the Trasgo-1 well in the Cano Sur block with average production of 120 barrels per day, according to a regulatory filing yesterday.

--Editors: Glenn J. Kalinoski, Brendan Walsh

ECOPETL CB CEMARGOS CB

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus