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Daily Colombian Equities Bulletin and Fundamentals 5-30-14

May 30, 2014 ( newswire) The Colcap index closed at 1,663 points (-0.08%). Total turnover reached USD 64 mm. The best performers were Cemex Latam (+3.0%), Ecopetrol (+1.30%) and ISA (+0.98%). On the other hand, the worst performers were cemargos (-1.83%), Canacol (-1.71%) and PFcemargos (-1.70%).

Colombia Today


The group formed by Transmantaro (ISA) and CTM (EEB) won a new transmission line in Peru (16.6 km, 220KV). ISA has a 60% share in the group, while EEB the remaining 40%. The expected annual revenues of the project are USD 5.5 mm (for a 30 years period) and the investment is estimated in USD 59.6 mm. The transmission line will start operations 24 month after the final award. Source: SuperFinanciera


Ocensa Pipeline will increase its capacity to 735,000 bls in the first quarter of 2016. However, given the expansion that is taking place at this moment, the pipeline will increased its capacity in 30,000 bls in the next two to three months.

Fuente: Dataifx


Global Finance, a US magazine, chose the 25 best banks in Latin America. Bancolombia was awarded as the best bank in Colombia. Source: La Republica


In 2014, the company will held the biggest exploratory project in its history, which consists on the exploration of 56 wells for a total CAPEX of USD 200 mm. Source: Vanguardia Liberal nacional

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: 5-30-14

More Info: Newswire

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