Member access

4-Traders Homepage  >  Shares  >  BOLSA DE VALORES DE COLOMBIA  >  Ecopetrol S.A.    ECO   COC04PA00016

ECOPETROL S.A. (ECO)

2
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Ecopetrol S.A. : Colombia Stocks Decline After Five-Day Rally; Peso Ends Flat

05/03/2012 | 05:08pm US/Eastern

BOGOTA (Dow Jones) -- Colombian stocks saw their five-session rally come to an end Thursday, while the peso ended flat against the dollar after climbing to a 10-month high earlier in the session.

The Colcap, which is the Colombian Stock Exchange's benchmark index, declined 0.1% to end at 1,812.08 points.

Shares of national oil company Ecopetrol (ECOPETROL.BO, EC) managed to hold on to its sharp gains from the previous session, ending the session unchanged at an all-time high of COP5,850. The oil company earlier this week announced a 28% increase in unconsolidated net income in the first quarter compared with the same quarter of 2011, to $2.5 billion.

Meanwhile, the Colombian peso ended at COP1,756.55 to the dollar, virtually unchanged from COP1,756.60 a day earlier, according to Set-FX. The peso reached COP1,751 in early-morning trading, its strongest intraday level since last July.

The yield on Colombia's peso-denominated bond due July 2024 closed at 7.045% after beginning the session at 7.070%. Yields have been declining for weeks due to lower consumer price inflation that's expected to continue trending lower.

-By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com

React to this article
Latest news on ECOPETROL S.A.
05/14 ECOPETROL : profit drops 91% from year ago after crude price slump
05/13 ECOPETROL : Colombian oil company Ecopetrol's net income plunges 96 pct
05/13 ECOPETROL : To Restart Operations At Cartagena Refinery In October Or November 2..
05/12 ECOPETROL : Announces Results For The First Quarter Of 2015
05/08 ECOPETROL : Announces Timing for the Earnings Release and Webcast of the First Q..
05/01 ECOPETROL : Files 2014 SEC annual report
04/27 ECOPETROL : Wins the Llanos Oil Exploration Case
04/22 ECOPETROL : Announces that the Supreme Court of the Netherlands Has Ruled in Its..
04/22 INTERCONEXION ELECTRICA : Council of Ministers Issues Favorable Opinion on Plann..
04/22 ECOPETROL : Board of Directors Approves Membership of Committees
Advertisement
Income Statement Evolution
More Financials