Bloomberg News

Colombian Stock Movers: Canacol, Grupo Nutresa, Pacific Rubiales

November 30, 2011

Nov. 30 (Bloomberg) -- The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. local time.

The IGBC Index gained 3.2 percent to 12,924.33, while the Colcap Index rose 2.4 percent to 1,561.07.

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 2.1 percent to 21,300 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.

Pacific Rubiales Energy Corp. (PREC CB), the Toronto-based oil producer that operates fields in Colombia, rose 7.4 percent, the most since Oct. 6, to 41,360 pesos.

Oil rose to a two-week high in New York after the Federal Reserve and five other central banks made additional funds available to ease strains from Europe’s debt crisis and as U.S. companies added more workers than projected.

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

To contact the reporter on this story: Blake Schmidt in Bogota at

To contact the editor responsible for this story: David Papadopoulos at

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