Bloomberg News

Colombian Stock Movers: Canacol Energy Ltd., Grupo Nutresa

November 30, 2011

Nov. 30 (Bloomberg) -- The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 12:30 a.m. local time.

The IGBC Index gained 2.5 percent to 12,839.54, while the Colcap Index rose 2.6 percent to 1,564.70.

Canacol Energy Ltd. (CNEC CB), the Calgary-based oil company that operates fields in Colombia, gained 1.2 percent to 1,220 pesos. The company said it closed its purchase of control of Carrao Energy Ltd. to expand in Colombia, according to a statement today by Calgary, Alberta-based Canacol on Marketwire.

Grupo Nutresa SA (NUTRESA CB), Colombia’s biggest food producer, rose 1.8 percent to 21,240 pesos.

Colombian President Juan Manuel Santos said the country is targeting production of 14 million bags of coffee annually in 2014 and 18 million bags in 2018, according to a speech in Bogota.

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

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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