Colombia News Sections
| Colombian Stocks: Banco de Bogota Advances; EEB, ETB Decline |
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| Colombian News - Money, Finance, Economics | |||
| Tuesday, 06 December 2011 00:39 | |||
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The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 4 p.m. local time. The IGBC Index dropped 0.9 percent to 12,900.32, while the Colcap Index fell 0.8 percent to 1,574.81. Banco de Bogota SA (BOGOTA CB), Colombia’s second-biggest lender, rose 2 percent to 48,960 pesos. Officials from Banco de Bogota plan to meet with bond investors in the U.S., the U.K. and South America beginning tomorrow, a person familiar with the matter said Dec. 2. Citigroup Inc., HSBC and JPMorgan Chase & Co. are arranging the meetings in London, Santiago, Boston, Lima, New York and Los Angeles, said the person, who asked not to be identified because he isn’t authorized to speak publicly. Empresa de Energia de Bogota SA (EEB CB), Colombia’s second-biggest electricity distributor, sank the most in two years after Bogota’s mayor-elect Gustavo Petro said he plans a merger with other public companies. Shares of EEB, as the city-controlled company is known, fell 7.5 percent to 1,170 pesos. The plunge is the biggest since November 2009. Empresa de Telecomunicaciones de Bogota SA (ETB CB), the city-run phone company serving Colombia’s capital, fell 5.3 percent to 444 pesos, a six-year low.
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