Bloomberg News

Colombian Stocks: Fabricato, Enka, Empresa de Telecomunicaciones

January 12, 2012

Jan. 12 (Bloomberg) -- The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 11:35 a.m. local time.

The IGBC Index rose 0.2 percent to 13,304.93, while the Colcap Index dropped 0.1 percent to 1,607.75.

Textile makers gained after U.S. House Speaker John Boehner said the implementation of a free-trade agreement with Colombia that U.S. lawmakers approved in October is “critically important” for creating Colombian and American jobs. Boehner made the comments after a meeting with Colombian President Juan Manuel Santos in Bogota yesterday, according to a statement on the House Speaker’s website.

Fabricato SA (FABRI CB), Colombia’s biggest textile maker, rose 0.6 percent to 87 pesos.

Enka de Colombia SA (ENKA CB), a Medellin-based synthetic fibers producer, rose 2.7 percent to 8.99 pesos.

Empresa de Telecomunicaciones de Bogota SA (ETB CB), the city-run phone company serving Colombia’s capital, rose 6.2 percent to 515 pesos.

The Bogota mayor’s office plans to merge ETB, as the company is known, with other public companies and will not sell its majority stake in the company, Eduardo Noriega, the city’s secretary general, said yesterday in a statement prepared by Mayor Gustavo Petro, according to a statement on Petro’s website.

--Editors: Glenn J. Kalinoski, Lester Pimentel

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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