– big ideas for global investors Search
   Members       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   

Daily Colombian Equities Bulletin and Fundamentals 7-9-14

July 10, 2014 ( newswire) The Colcap index closed at 1,684 points (-0.7%). Total turnover reached USD 91 mn. The best performers were PFDavivienda (+5.5%), Cemex Latam (+4.7%) and Celsia (+0.8%). On the other hand, the worst performers were Pacific Rubiales (-2.9%), Mineros (-2.9%) and ETB (-2.8%).

Colombia Today

Colcap Index Recomposition:

The main changes that will take place during the Colcap Index Recomposition at the end of July are the following: i) Grupo Sura´s preferred stock will be replaced by its ordinary stock within the index; ii) Exito will be the largest positive change in participation (+0.07%); iii) Ecopetrol´s participation will shrink -1.57% from the previous Colcap composition to 16.32%. Source: Corredores Asociados

Oil Sector:

Colombian Oil Round has 39 companies participating. Tomorrow the National Oil Agency will release the preliminary list of the companies and the final list will be ready on July 17. The bid will take place on July 23 and on August 12 the contracts will be signed.

The National Oil Agency expects to award between 30% to 40% of the 95 offered blocks. The focus of this Round will be non-conventional and offshore blocks (35% of total offered blocks). Source: La República


According to Hector Manosalva, Ecopetrol's Exploration and Production VP, the company produced 770,000 bpd during 1H14, below 2014 output goal (798,000 bpd). Source: Bloomberg

Pacific Rubiales:

Colombia's Environment Authority is investigating Pacific Rubiales' STAR Technology Permits, taking into account that every time a company change the technology, or make some type of modification, they have to revise the environmental impact study. Source: Bloomberg

Grupo Sura:

Through subsidiaries Afore SURA S.A. de C.V. and Sura Art Corporation S.A. de C.V, Grupo Sura established two new subsidiaries in Mexico: SIEFORE SURA AV 1, S.A DE C.V. and SIEFORE SURA AV 2, S.A DE C.V. The capital of each of these societies is USD 7,700. Source: SuperFinanciera

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.

To View Complete Report: 7-9-14

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: Learn more about publishing your news release on the newswire

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Please read privacy policy:

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner


Investor Ideas © 2000 - 2015®, ECON


login | logout | about us | contact | disclaimer / disclosure |
partners / links | job search | privacy policy |
advertise | trade | sitemap |