Jan. 24 (Bloomberg) -- The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 12:08 p.m. local time.
The IGBC Index dropped 0.2 percent to 13,547.20, while the Colcap Index fell 0.4 percent to 1,602.95.
Avianca Taca Holding SA (PFAVTA CB), the owner of Colombia’s largest airline, rose 2.5 percent to 3,695 pesos.
The company said it had 1.9 million passengers in December, a 12 percent gain from a year ago.
Banco Davivienda SA (PFDAVVND CB), Colombia’s third-biggest bank, fell 1.1 percent to 20,460 pesos.
HSBC Holdings Plc will sell banking operations in Costa Rica, El Salvador and Honduras to Davivienda for $801 million in cash, the bank said in a statement.
“Those banks don’t generate a lot of profits so the return on equity may be small,” said David Pelaez, an analyst at Bolsa y Renta SA in Medellin. Combined profit at the three banks in 2011 was about $18 million, according to regulatory filings.
Bolsa de Valores de Colombia SA (BVC CB), the operator of Colombia’s main stock exchange, rose 0.4 percent to 28.2 pesos. Investors may be speculating that record Colombian share sales boosted the company’s profit last year, according to an e-mailed report from Celfin Capital.
--Editors: Brendan Walsh, Glenn J. Kalinoski
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