Bloomberg News

Colombian Stock Movers: Fabricato, Pacific Rubiales Advance

October 06, 2011

Oct. 6 (Bloomberg) -- The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 10:32 a.m. New York time.

The IGBC Index rose 0.5 percent to 12,752.76 while the Colcap Index fell 0.1 percent to 1,577.76.

Fabricato SA (FABRI CB), Colombia’s biggest textile maker, rose 2.1 percent to 73.5 pesos. U.S. Trade Representative Ron Kirk said there’s a “strong basis” for Congress to pass free- trade agreements with South Korea, Colombia and Panama after President Barack Obama’s administration improved the accords.

Obama “asked us to fix the problems with these agreements,” Kirk said yesterday in an interview with Bloomberg Television. “We did that in every case, and now we have three agreements that can help us add 70,000 jobs to our economy.”

Pacific Rubiales Energy Corp. (PREC CB), the Toronto-based oil producer that operates fields in Colombia, rose 1.5 percent to 38,880 pesos. The company said it plans to list on the Bovespa, Brazil’s main stock exchange.

Pacific Rubiales filed to list Brazilian Depositary Receipts on the Bovespa and is pending regulatory approval, it said in a statement today distributed by PR Newswire.

--Editors: Marie-France Han, Glenn J. Kalinoski

FABRI CB PREC 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


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus