Bloomberg News

Colombia Stocks: Grupo Aval, Petrominerales, Pacific Rubiales

July 17, 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 0.6 percent to 13,653.13, while the Colcap Index increased 0.3 percent to 1,660.46.

Financial industry companies advanced as Colombia’s outstanding credit expanded 18.3 percent in May from a year earlier, according to government data.

Grupo Aval Acciones y Valores SA (PFAVAL CB), Colombia’s biggest banking group by assets, rose 2.2 percent to 1,180 pesos. Bancolombia SA (PFBCOLO) , Colombia’s largest bank by market capitalization, gained 0.9 percent to 27,760 pesos.

Oil producers gained as crude rose to a seven-week high in New York.

Pacific Rubiales Energy Corp. (PRE) , which operates the country’s largest oil field, gained 0.8 percent to 40,620 pesos. Canacol Energy Ltd. (CNE) , the Calgary-based oil company that operates fields in Colombia, rose 0.6 percent to 795 pesos. Petrominerales Ltd. (PMGC) , a Calgary-based oil company that operates in the Andean region, rose 0.7 percent to 17,420 pesos.

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

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


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus