Bloomberg News

Colombian Stocks: Interconexion Electrica, Bancolombia, Aval

May 18, 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 0.7 percent to 14,393.48, while the Colcap Index (COLCAP) increased 0.5 percent to 1,715.45.

Financial industry companies fell as Colombia put in place additional reserve requirements on consumer credit. The measures, which apply to lenders that have seen an increase in bad loans, will help avoid “future problems,” Finance Minister Juan Carlos Echeverry said in a joint statement by the ministry and the nation’s financial regulator.

Bancolombia SA (PFBCOLO) , Colombia’s biggest lender, slumped 1.1 percent to 27,700 pesos.

Grupo Aval Acciones y Valores SA (AVAL CB), Colombia’s biggest banking group by assets, dropped 0.8 percent to 1,230 pesos.

Interconexion Electrica SA (ISA) , an energy and road company, climbed 3.2 percent to 11,600 pesos. Transportation Minister German Cardona said the Prosperity Highway “will get done” and counts on President Juan Manuel Santos’s support, according to an e-mailed statement dated yesterday. The project is awaiting a decision by a state agency, the statement said.

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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