Investorideas.com  big ideas for global investors Search www.investorideas.com
   Member Access       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   




Daily Colombian Equities Bulletin and Fundamentals 03-20-14

Ideas get bigger when you share them...

March 20, 2014 (www.investorideas.com newswire) Latam markets were mixed as Bovespa in Brazil increased 2.29% and Chilean IPSA index increased 1.17%. The local COLCAP index closed at 1592.49 pts., equivalent to a 0.27% decrease; the total traded volume reached COP 124,292 million (~61 USD MM). The best performers were Valorem (+3.85%), Enka (+3.45%) and El Condor (+3.36%). On the other hand, the worst performers were Cemex Latam (-3.56%), PFGrupoArgos (-2.12%) and PfGrupoSura (-1.45%). The most traded shares today were Pacific Rubiales, PfBancolombia and Ecopetrol.

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

According to Reuters, Ecopetrol have launched a bid to buy a shipment of gasoline RON 92 of near 260,000 and 300,000 barrels, which would be delivered at the port of Mamonal between 13 and 15 April. The request was made because the company closed Cartagena Refinery for modernization work and expansion of the crude distillation unit and cracker that has capacity of 80,000 barrels per day.

International News

In the US, markets were positive as the S&P 500 increased 0.72% and the DJIA increased 0.55%.

In the two day reunion of the Federal Open Market Committee (FOMC), the US Federal Reserve decided to make a further USD 10 billion reduction in its monthly bond purchase, so the quantitative easing will be reduced from USD 65 billion to USD 55 billion since April. The Fed also announced that will tie borrowings costs to a 6.5% unemployment rate but also, it would rely on a wide range of measures deciding when to raise interest rates. Fed Interest rate stood at 0.25% however, Fed officials predict target interest rate would be 1% at end of 2015.

US' current account for 4Q13 registered a lower deficit than 3Q13 of USD 81.1 billion from a revised figure of USD 96.4 billion

RESEARCH & STRATEGY

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.

More Info:

This news is published on the Investorideas.com Newswire and its syndicated partner network

Publish Your News - Send a release
News now!

Get free news alerts: Sign up here

Published at the Investorideas.com Newswire - Big ideas for Global Investors

Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks 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 by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

BC Residents and Investor Disclaimer : 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.



Free News Alerts
Email:  





TOP

Investor Ideas © 2000 - 2014 InvestorIdeas.com®, ECON

Sign up here

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