Bloomberg News

Colombian Stock Movers: Enka de Colombia, Avianca Taca Gain

October 13, 2011

Oct. 13 (Bloomberg) -- The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 10:27 a.m. local time.

The IGBC Index fell 0.4 percent to 13,230.16 while the Colcap Index declined 0.2 percent to 1,607.15.

Avianca Taca Holding SA (PFAVTA CB), the owner of Colombia’s largest airline, rose 1.1 percent, the most in two weeks, to 4,620 pesos.

The company said it plans to complete integration of the technological platforms between Bogota-based Aerovias del Continente Americano SA and San Salvador-based Taca Airlines by the second quarter of 2012, at which time it will design a single brand for the integrated company, according to a regulatory filing late yesterday.

Enka de Colombia SA (ENKA CB), a Medellin-based synthetic fibers producer, rose 3.3 percent, headed toward a three-month high, to 12.6 pesos after the U.S. Congress passed a free trade accord with Colombia after four years of delay.

--Editors: Glenn J. Kalinoski, Richard Richtmyer

ENKA CB PFAVTA 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


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