Friday, May 27, 2011

Colombia Brokerage Interbolsa Advances on Stock Repurchase Plan

Colombia Brokerage Interbolsa Advances on Stock Repurchase Plan : Interbolsa SA, Colombia’s largest securities brokerage, rose the most in four months after the company said it plans to repurchase as much as 20.3 billion pesos ($11 million) of stock.

Interbolsa rose 3.5 percent to 2,795 pesos at 10:18 a.m. New York time, the biggest intraday advance since Jan. 25. The company disclosed the stock repurchase plan on the website of the nation’s securities regulator after the close of trading yesterday. (source www.bloomberg.com )
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