Bloomberg News

Colombian Stock Movers: Grupo Aval Acciones y Valores, Ecopetrol

March 02, 2012

The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IGBC Index (IGBC) gained 0.3 percent to 15,209.56, while the Colcap Index fell less than 0.1 percent to 1,739.94.

Ecopetrol SA (ECOPETL) , Colombia’s largest oil company, fell 1.1 percent to 5,220 pesos. The first phase of the Bicentennial pipeline in the Arauca region was delayed by two months and will come online as soon as July amid weather and security issues, according to an interview with Chief Executive Officer Javier Gutierrez today in the daily Portafolio.

Colombia’s authorities extended into a third day a search for workers kidnapped during development of the pipeline.

Grupo Aval Acciones y Valores SA (PFAVAL CB), Colombia’s biggest banking group by assets, gained 3.3 percent to 1,270 pesos, a three-month high.

The group’s 2011 profit rose 35 percent from a year ago to 1.25 trillion pesos ($707 million), according to results posted on the securities regulator’s website today.

Aval proposed a 2012 dividend payment of 3.6 pesos per share per month from April through September, according to a regulatory filing yesterday. The annualized dividend would be 3.5 percent, the filing said.

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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