Ecopetrol Surges 20% in Secondary Debut

Ecopetrol Surges 20% in Secondary Debut

Equity

Shares of Ecopetrol, the Colombian oil producer, began trading locally Tuesday, but few actually changed hands. Strong demand for the paper fuelled big jumps in the stock price which triggered safety mechanisms in the bolsa that halted trading twice, the second time for good. Shares began trading at 9:00am at COP1,400 but were immediately bid up to the 10% threshold of COP1,540, which prompted the first shutdown. After half an hour, trading resumed and shares leapt another 10% to COP1,694, which

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