Daily Colombian Equities Bulletin and Fundamentals 6-11-14
June 12, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,720.6 points (0.4%). Total turnover reached USD 164.4 mn The best performers were Cemex Latam (+5.4%), PFDavivienda (+2.8%) and Pacific Rubiales (+2.1%). On the other hand, the worst performers were Tablemac (-3.3%), Fabricato (-1.1%) and Conconcreto (-0.7%).
MSCI confirmed yesterday's afternoon that Korea and Taiwan will not be included in the developed group and will continue in the emerging group. This implies that the 28% share that both countries have in the emerging MSCI will not be distributed among other emerging countries such as Colombia.
The Industry Superintendency ruled in favor of Ecopetrol in a process related with the use of the brand "Ecapetrol" by a company dedicated to oil training. Source: SuperFinanciera
The Opain Consortium present last Friday a proposal to continue with the expansion plans in El Dorado airport. If approved, the Airport will have in two years 41 boarding bridges and an area of 210,000 sqm. The works will have an approximate cost of COP 397,000 mn. Source: Portafolio
The company announced the creation of a subsidiary in Mexico (Pacific Rubiales E&P México S.A.P.I de CV) as a result of the energy reform in this country. Source: Dinero
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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: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.