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Daily Colombian Equities Bulletin and Fundamentals 4-3-14

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April 4, 2014 ( newswire) The Colcap index closed at 1,707 points, equivalent to a daily change of 0.91%. Total turnover reached USD 105 mm. The best performers were Enka (+7.92%), Canacol (+5.02%) and Carvajal Empaques (+4.88%). On the other hand, the worst performers were Corficolombiana (-1.61%), PfBancolombia (-0.95%) and Isagen (-0.91%).

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Colcap index complete today 8 sessions in a row in positive territory, despite a negative session in Us and most Latam markets. Colcap accumulated today a valorization of +6.3% so far this year, very positive if compared to the same period a year ago (-3.7%).

Colombia Today


The Ministry of Finance, on the process of sale of the nation's stake in Isagen, reports that: i) the Nation presented this Wednesday (April 2, 2014), an application for reconsideration to the First Section of the State Council after being notified on 28 March of an auto uttered by Judge Maria Claudia Rojas Lasso, suspending so-provisional-the Isagen's sale; ii) the Nation reiterates that as it should, has been respectful of institutions and justice throughout the process of Isagen's sale Program; iii) the Nation considers indispensable Isagen's asset divestiture for development of transport infrastructure, employment generation and collective welfare and; iv) the Nation reiterates the importance of the development of the Fourth Generation Highway Concession Program (4G), for what it is necessary that the Fondes offer products that are required to complement the financing solutions for this program. As mentioned on other occasions, the proceeds from the Isagen's sale will go to capitalize this fund. Source:Colombian Ministry of Finance

Grupo Sura:

Grupo de Inversiones Suramericana S.A. and its subsidiary Sura Asset Management S.A. announced the incorporation of a Curazao subsidiary called Boelman Finance B.V. for a total amount of USD 3,250. The share of Grupo de Inversiones Suramericana S.A. in this corporation is 100% (indirect) through Sura Asset Management S.A


ISA informed yesterday it exercised the option to prepay the B series of the sixth tranche of the Issue and Placement Program of domestic debt securities for COP 59,500 million. The exercise price correspond to 101% of the amortized value (COP 60,095 million). Source: SuperFinanciera

Construction Bogotá- Plan de Ordenamiento Territorial (POT):

The Consejo de Estado announced the provisional suspension of the act that modifies the Land Use Plan of Bogotá (POT in Spanish), plan that was amended by the past Mayor Gustavo Petro. Source: Semana

Corredores Asociados S.A. Comisionista de Bolsa is not responsible for investment decisions that may be derived from the information and analyses presented in this document. These decisions, their effects and consequences will be the sole responsibility of the investor. The information published is informative and has been taken from reliable sources, but Corredores Asociados S.A. does not guarantee that they are free of errors. Total or partial reproduction of this document is not allowed without the prior and express authorization of Corredores Asociados S.A.

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