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Colombian Stocks Climb To 13-Month High On Grupo Sura

BOGOTA -(Dow Jones)- Colombian stocks rose for a third straight session Friday, closing at their highest level in 13 months after Colombia's largest financial holding firm, Grupo Sura (GIVSY, GRUPOSURA.BO), reported first-quarter profits that more than doubled those of the previous year. The Colcap, which is the Colombian Stock Exchange's benchmark index, climbed 0.56% to end at 1,769.49 points, the index's highest point total since March 7, 2011. Grupo Sura shares rose 2% to COP31,400 after the company said first-quarter profits were $99 million, a 135% increase from that quarter a year earlier. It credited the rise in income to the "good performance" of its recent acquisition of ING Groep's (ING, INGA.AE) Latin American assets. Meanwhile, the Colombian peso ended slightly weaker at COP1,764.40 for a dollar from COP1,762.20 a day earlier, according to Set-FX. Earlier in the day, the peso had climbed to a one-month intraday high, but investors began selling pesos later in the session. The peso is 9% stronger against the dollar this year due to a record amount of foreign direct investment. Some analysts believe Colombia's central bank may announce new intervention plans Monday to prevent further strengthening in the currency. The yield on Colombia's peso-denominated bond due July 2024 closed at 7.101% after beginning the session at 7.084%. -By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com

Stock News for Ing (ING)
DateTimeHeadline
11/18/201614:10:00ING Leads Refinancing of 550 Madison Avenue
11/16/201604:33:00ABN Amro to Cut 1,500 More Jobs; Net Profit Up -- Update
11/09/201609:40:00Suzan Denoncourt d’Ingenico Group nommée coprésidente du con...
11/09/201609:39:00Ingenico Group’s Suzan Denoncourt Appointed Co-Chair of the B...
11/03/201603:01:00ING Profit Lifted by Loans and Deposits
11/02/201618:20:00Financial Firms Fined Over Variable-Annuity Contracts
10/24/201612:00:00Ingenico Group Announces Winner of Money20/20 Hackathon
10/24/201609:00:00Ingenico Group Launches First-of-Its-Kind Enterprise-Class mPOS...
10/23/201609:00:00Ingenico Group Launches Moby/3000 Bluetooth mPOS Solution to...
10/18/201609:00:00Ingenico Group to Demonstrate Leadership in Omni-Channel Payment...
10/13/201608:00:00ING to Move Trading Jobs to London Despite Brexit
10/13/201607:50:00ING to Move Trading Jobs to London Despite Brexit
10/07/201603:10:00Delta Lloyd Rejects NN Group's Takeover Bid
10/05/201603:00:00NN Group Offers $2.7 Billion for Delta Lloyd
10/05/201602:17:00NN Group Makes $2.7 Billion Offer For Delta Lloyd
10/03/201610:58:00ING to Cut 7,000 Jobs in Cost-Savings Drive -- 3rd Update
10/03/201605:29:00ING to Cut 7,000 Jobs in Cost-Savings Drive -- 2nd Update
10/03/201604:14:00ING to Cut 7,000 Jobs in Cost-Savings Drive -- Update
10/03/201603:50:00ING to Cut 7,000 Jobs in Cost-Savings Drive
10/03/201602:37:00ING to Cut 7,000 Jobs in Cost-Savings Drive

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