Bloomberg News

Colombian Stock Movers: Colinversiones Drops; Ecopetrol Gains

February 22, 2012

Feb. 22 (Bloomberg) -- The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. Bogota time.

The IGBC Index was little changed at 14,566.05, while the Colcap Index gained 0.2 percent to 1,703.29.

Cia. Colombiana de Inversiones SA (COLINV CB), a Colombian electricity holding company, fell 5.4 percent, the most in three months, to 4,535 pesos.

The company said 2011 profit dropped 41 percent from the year before to 153 billion pesos, according to a regulatory filing yesterday. It proposed a 2012 dividend of 90 pesos per share, a 10 percent increase from last year’s dividend, the filing said.

Ecopetrol SA (ECOPETL CB), Colombia’s largest oil company, gained 0.7 percent to 4,950 pesos. The company said it proposes to pay a dividend of 300 pesos per share in 2012, more than double the dividend paid last year, according to an e-mailed statement late yesterday.

--Editors: Glenn J. Kalinoski, Richard Richtmyer

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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