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Daily Colombian Equities Bulletin and Fundamentals 7-9-14

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July 10, 2014 (www.investorideas.com 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%).

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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

Ecopetrol:

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.

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