Bloomberg News

Colombian Stock Movers: Bolsa de Valores, Fabricato, Helm Bank

April 16, 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) rose 0.4 percent to 15,138.58, while the Colcap Index advanced 0.7 percent to 1,761.03.

Helm Bank SA (PFBHELMB) , a Colombian lender, rose 7.2 percent to 578 pesos. The Bogota-based bank’s shares have surged 56 percent this month on speculation it will be acquired. Helm Corp., the controlling shareholder, said April 10 that it hired an investment bank to “advise in the analysis of business alternatives for its investment.”

Bolsa de Valores de Colombia SA (BVC CB), the operator of the country’s main stock exchange, increased 2.7 percent to 33.90 pesos, the largest one-day gain since Feb. 23. Lima Stock Exchange President Roberto Hoyle said he expects Mexico’s main bourse to decide if it will join the Andean integrated market, known as Mila, by the end of June. Hoyle spoke to reporters in London today.

Fabricato SA (FABRI) , Colombia’s biggest textile maker, was unchanged at 89.50 pesos after earlier rising as much as 1.7 percent. President Juan Manuel Santos said the Free Trade Agreement negotiated between Colombia and the U.S. will take effect on May 15. Exports accounted for 28 percent of Fabricato’s sales during 2011, according to a Feb. 22 statement.

To contact the reporter on this story: Christine Jenkins in New York at cjenkins28@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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