Fecha

IGBC

Apr-13

13,457.44

Mar-13

14,135.35

Feb-13

14,838.13

Jan-13

14,981.55

Dec-12

14,715.84

Nov-12

14,165.02

Oct-12

14,781.24

Sep-12

14,056.60

Aug-12

14,088.52

Jul-12

13,768.45

Jun-12

13,417.51

May-12

14,586.57

Apr-12

15,215.78

Mar-12

15,038.26

Feb-12

14,932.81

Jan-12

13,863.33

Nov-11

12,665.71

Nov-11

12,924.33

Oct-11

13,322.06

Sep-11

12,915.80

Aug-11

13,421.00

Jul-11

14,039.31

Jun-11

14,067.73

May-11

14,550.52

Apr-11

14,384.20

Mar-11

14,469.66

Feb-11

15,008.36

Jan-11

15,077.93

Dec-10

15,496.77

Nov-10

14,935.58

Oct-10

15,899.57

Sep-10

14,710.97

Aug-10

14,105.47

Jul-10

13,283.28

Jun-10

12,449.90

May-10

12,236.19

Apr-10

12,512.61

Mar-10

12,118.31

Feb-10

11,724.52

Jan-10

11,551.45

Dec-09

11,602.14

Nov-09

11,245.01

AV Villas
7,050
7,500
7,100
7,100
7,100
7,100
7,890
7,890
7,980
7,980
7,980
6,000
7,990
7,990
6,010
5,210
7,800
7,800
7,800
6,800
6,800
7,000
7,000
8,000
8,000
7,310
7,310
7,400
8,200
7,200
7,010
5,210
5,210
3,205
3,205
3,205
3,205
4,000
4,000
3,835
3,835
3,835

AV BBVA
260
270
270
236
251
251
251
270
237
240
245
281
279
270
233
220
248
228
230
230
240
242
243
260
270
270
282
290
300
290
310
270
226
181
195
190
186
190
150
150
160
155

Popular
400
475
480
500
500
500
500
500
500
500
500
520
520
520
520
520
520
499
520
620
620
620
620
635
650
650
750
760
550
550
550
487
484
401
332
330
300
300
300
300
300
280

Bogot

Occidente

Bancolombia

63,500
58,000
58,600
55,820
54,500
53,300
54,500
50,720
49,960
50,500
50,300
50,340
50,100
49,800
50,500
48,960
49,000
47,720
49,660
50,000
48,800
51,980
53,260
52,320
53,220
54,600
54,500
55,760
57,900
50,200
53,520
52,000
49,600
42,300
38,500
38,800
39,800
37,300
37,700
34,000
33,800
33,000

33,840
33,700
33,960
32,520
32,000
31,500
31,500
31,000
30,940
29,520
30,020
32,000
30,500
30,300
30,300
28,500
30,000
29,500
30,000
30,000
32,000
33,060
33,500
33,500
34,300
34,980
34,040
37,100
37,660
36,000
36,000
36,000
34,060
31,500
30,600
30,600
30,600
30,000
29,000
28,500
28,500
26,300

29,900
28,800
28,800
30,500
30,000
27,720
28,660
26,400
25,800
27,180
26,980
27,200
28,900
28,100
27,900
27,980
28,480
27,600
29,000
28,300
28,800
29,000
29,060
29,100
28,800
29,200
26,900
27,020
29,500
28,340
29,600
29,380
28,420
26,300
23,760
23,500
23,020
22,280
22,300
22,200
23,140
21,600

Bancolombia
(P)
30,860
29,000
29,800
30,820
29,820
28,700
29,220
26,660
26,320
27,860
27,800
27,500
29,900
28,600
28,500
27,960
27,620
28,000
29,400
26,900
29,200
29,040
29,540
29,980
29,140
29,100
27,100
27,300
29,940
29,500
31,820
29,800
29,200
26,980
24,120
23,500
23,000
22,280
22,220
21,760
23,060
21,500

BVC
30
30
31
30
30
29
32
30
28
29
28
33
34
34
34
29
27
28
33
34
38
40
41
44
41
41
42
41
43
43
45
40
38
37
36
34
37
38
33
30
30
30

Corficolombiana
Grupo Aval
(P)
29,500
1,275
31,000
1,265
32,780
1,290
33,240
1,285
33,480
1,290
31,000
1,205
31,920
1,300
31,800
1,190
30,600
1,130
30,500
1,180
27,860
1,140
31,200
1,175
31,000
1,270
33,480
1,265
32,840
1,220
33,500
1,200
32,400
1,250
31,700
1,260
33,500
1,225
31,800
1,270
33,000
1,210
31,200
1,285
32,600
1,290
30,000
1,285
32,500
1,350
32,500
1,350
32,300
1,575
34,000
1,615
33,620
1,700
33,000
1,355
32,300
1,490
33,300
1,330
30,500
1,125
28,900
1,040
27,300
924
27,000
908
27,800
940
25,820
896
24,300
840
22,200
747
22,600
770
20,800
747
Promedio

AV Villas

AV BBVA

Popular

Bogot

Occidente

-6.00%

-3.70%

-15.79%

9.48%

0.42%

5.63%

0.00%

-1.04%

-1.02%

-0.77%

0.00%

14.41%

-4.00%

4.98%

4.43%

0.00%

-5.98%

0.00%

2.42%

1.63%

0.00%

0.00%

0.00%

2.25%

1.59%

-10.01%

0.00%

0.00%

-2.20%

0.00%

0.00%

-7.04%

0.00%

7.45%

1.61%

-1.13%

13.92%

0.00%

1.52%

0.19%

0.00%

-1.25%

0.00%

-1.07%

4.81%

0.00%

-2.04%

0.00%

0.40%

-1.67%

33.00%

-12.81%

-3.85%

-0.08%

-6.19%

-24.91%

0.72%

0.00%

0.48%

4.92%

0.00%

3.33%

0.00%

0.60%

0.66%

32.95%

15.88%

0.00%

-1.39%

0.00%

15.36%

5.91%

0.00%

3.15%

6.32%

-33.21%

-11.29%

0.00%

-0.08%

-5.00%

0.00%

8.77%

4.21%

2.68%

1.69%

0.00%

-0.87%

-4.04%

-3.91%

-1.67%

14.71%

0.00%

-16.13%

-0.68%

0.00%

0.00%

-4.17%

0.00%

2.46%

-6.25%

-2.86%

-0.83%

0.00%

-6.12%

-3.21%

0.00%

-0.41%

0.00%

-2.40%

-1.31%

-12.50%

-6.54%

-2.36%

1.80%

0.00%

0.00%

-3.70%

-2.31%

-1.69%

-2.33%
-1.94%

9.44%

0.00%

0.00%

-2.53%

0.00%

-4.26%

-13.33%

0.18%

2.76%

-1.22%

-2.76%

-1.32%

-2.26%

-8.25%

-9.76%

-3.33%

38.18%

-3.70%

-1.49%

13.89%

3.45%

0.00%

15.34%

4.61%

2.71%

-6.45%

0.00%

-6.20%

0.00%

34.55%

14.81%

12.94%

2.92%

0.00%

0.00%

19.47%

0.62%

4.84%

5.70%

62.56%

24.86%

20.70%

17.26%

8.13%

0.00%

-7.18%

20.78%

9.87%

2.94%

0.00%

2.63%

0.61%

-0.77%

0.00%

0.00%

2.15%

10.00%

-2.51%

0.00%

-19.88%

-2.11%

0.00%

6.70%

2.00%

0.00%

26.67%

0.00%

-1.06%

3.45%

4.30%

0.00%

0.00%

10.88%

1.75%

0.00%

-6.25%

0.00%

0.59%

0.00%

0.00%

3.23%

7.14%

2.42%

8.37%

2.6%

1.6%

1.2%

1.7%

0.7%

Bancolombia
(P)

BVC

Corficolombi
ana (P)

3.82%

6.41%

-0.99%

0.00%

-2.68%

-2.57%

-5.57%

-3.31%

1.67%

Bancolombia

Grupo Aval

Rsector

Rm

-4.84%

0.79%

-1.04%

-4.80%

-5.43%

-1.94%

-0.98%

-4.74%

2.98%

-1.38%

0.39%

1.29%

-0.96%

3.35%

1.68%

-0.72%

-0.39%

0.37%

1.81%

8.23%

3.90%

1.71%

8.00%

7.05%

3.27%

3.89%

-3.28%

-1.78%

-9.32%

-2.88%

-7.31%

-3.68%

-4.17%

8.56%

9.60%

9.15%

0.38%

9.24%

3.90%

5.16%

2.33%

1.29%

4.61%

3.92%

5.31%

3.20%

-0.23%

-5.08%

-5.53%

-3.42%

0.33%

-4.24%

-1.54%

2.32%

0.74%

0.22%

3.55%

9.48%

3.51%

1.42%

2.62%

-0.81%

1.09%

-13.23%

-10.71%

-2.98%

-1.66%

-8.01%

-5.88%

-8.03%

-4.69%

0.65%

-7.48%

-4.42%

-4.14%

2.85%

4.55%

-0.87%

-7.41%

0.40%

0.41%

1.18%

0.72%

0.35%

1.47%

1.95%

3.69%

5.56%

0.71%

-0.29%

1.93%

16.90%

-1.97%

1.67%

4.90%

7.71%

-1.76%

1.23%

8.21%

3.40%

-4.00%

-4.25%

9.46%

3.19%

-1.36%

-2.90%

2.21%

-0.79%

1.77%

-2.00%

-4.83%

-4.76%

-17.12%

-5.37%

2.86%

-3.97%

-2.99%

2.47%

9.29%

-2.06%

5.35%

-3.54%

0.94%

3.15%

-1.74%

-7.88%

-10.05%

-3.64%

4.96%

-2.63%

-3.76%

-0.69%

0.55%

-6.20%

5.77%

-5.84%

-1.94%

-4.40%

-0.21%

-1.69%

-2.18%

-4.29%

-0.39%

-1.29%

-0.20%

-0.14%

-1.47%

-6.15%

8.67%

0.39%

-1.83%

-3.32%

1.04%

2.88%

8.13%

-7.69%

-4.81%

-1.05%

1.16%

-1.37%

0.14%

-0.73%

0.00%

0.00%

0.30%

-0.59%

8.55%

7.38%

-2.62%

0.62%

-14.29%

-1.50%

-3.59%

-0.44%

-0.73%

2.44%

-5.00%

-2.48%

-2.20%

-0.46%

-8.41%

-8.82%

-4.65%

1.13%

-5.00%

-0.58%

-2.70%

4.09%

1.49%

0.94%

1.88%

25.46%

7.12%

3.76%

-4.26%

-7.29%

-5.75%

2.17%

-9.06%

-3.41%

-6.06%

0.75%

6.78%

13.85%

-3.00%

12.03%

9.56%

8.08%

3.38%

2.05%

4.20%

9.18%

18.22%

6.77%

4.29%

8.06%

8.23%

3.53%

5.54%

8.17%

16.70%

6.19%

10.69%

11.86%

2.79%

5.86%

12.55%

7.02%

6.69%

1.11%

2.64%

4.37%

1.11%

1.76%

1.35%

1.75%

2.09%

2.17%

-7.05%

-2.88%

-3.40%

0.06%

-2.21%

3.32%

3.23%

-3.40%

7.67%

4.91%

0.25%

3.25%

-0.09%

0.27%

15.06%

6.26%

6.67%

5.72%

3.36%

0.45%

2.11%

11.04%

9.46%

12.45%

5.24%

1.50%

-4.06%

-5.64%

1.36%

-1.77%

-2.99%

-1.88%

-0.44%

7.13%

7.26%

-0.67%

8.65%

3.08%

4.66%

3.18%

0.9%

1.0%

0.3%

1.0%

1.6%

1.3%

0.5%

Rf
3.80%
3.45%
4.18%
4.13%
4.00%
4.79%
4.80%
4.69%
4.69%
5.21%
5.24%
5.30%
5.38%
5.41%
5.75%
5.83%
5.83%
5.83%
5.65%
5.26%
5.52%
5.59%
5.76%
5.86%
5.98%
6.08%
6.42%
5.96%
5.85%
5.13%
4.90%
5.22%
5.24%
5.59%
5.82%
6.41%
6.86%
7.21%
7.25%
6.98%
6.14%
5.5%

Apr-13

13,457.44

Acerias Paz del

Rio
30,500.00
13.00

5,240.00

Cementos
Argos
8,150.00

Mar-13

14,135.35

33,000.00

20.00

5,000.00

5,600.00

8,700.00

Feb-13

14,838.13

35,000.00

13.00

4,985.00

5,970.00

9,300.00

Jan-13

14,981.55

34,460.00

20.00

5,300.00

5,800.00

11,000.00

Fecha

IGBC

xito

Carton
Colombia
5,000.00

Celsia

Dec-12

14,715.84

35,500.00

20.00

6,300.00

5,340.00

10,100.00

Nov-12

14,165.02

36,000.00

20.00

6,490.00

5,270.00

9,120.00

Oct-12

14,781.24

34,920.00

20.00

5,880.00

5,450.00

8,760.00

Sep-12

14,056.60

29,500.00

20.00

5,900.00

4,975.00

7,820.00

Aug-12

14,088.52

29,800.00

26.00

5,900.00

4,800.00

7,100.00

Jul-12

13,768.45

30,700.00

26.00

5,520.00

4,680.00

7,080.00

Jun-12

13,417.51

29,540.00

26.00

7,390.00

4,255.00

7,000.00

May-12

14,586.57

29,480.00

28.00

7,390.00

4,700.00

11,200.00

Apr-12

15,215.78

28,600.00

32.10

7,340.00

4,770.00

12,200.00

Mar-12

15,038.26

25,960.00

29.50

6,680.00

4,355.00

11,100.00

Feb-12

14,932.81

25,180.00

24.90

6,500.00

4,400.00

10,900.00

Jan-12

13,863.33

24,600.00

26.00

7,000.00

4,480.00

10,900.00

Dec-11

12,665.71

25,460.00

31.00

8,020.00

3,825.00

10,860.00

Nov-11

12,924.33

23,540.00

31.00

6,800.00

4,010.00

10,660.00

Oct-11

13,322.06

24,000.00

38.00

7,180.00

4,280.00

10,740.00

Sep-11

12,915.80

22,960.00

38.00

7,100.00

4,190.00

10,900.00

Aug-11

13,421.00

23,460.00

41.90

7,100.00

4,890.00

11,100.00

Jul-11

14,039.31

23,800.00

41.90

7,300.00

4,710.00

11,020.00

Jun-11

14,067.73

24,300.00

45.00

7,300.00

5,070.00

11,400.00

May-11

14,550.52

26,300.00

47.00

7,300.00

5,200.00

11,540.00

Apr-11

14,384.20

27,200.00

48.00

7,300.00

4,950.00

10,700.00

Mar-11

14,469.66

27,300.00

46.00

7,200.00

5,200.00

10,860.00

Feb-11

15,008.36

25,500.00

48.00

7,100.00

5,350.00

11,000.00

Jan-11

15,077.93

23,000.00

47.20

7,900.00

5,210.00

11,440.00

Dec-10

15,496.77

23,360.00

46.80

7,900.00

5,770.00

11,400.00

Nov-10

14,935.58

23,800.00

45.00

7,930.00

5,900.00

11,380.00

Oct-10

15,899.57

24,000.00

45.60

7,060.00

6,540.00

12,700.00

Sep-10

14,710.97

22,380.00

43.70

7,000.00

6,800.00

12,600.00

Aug-10

14,105.47

22,500.00

38.20

7,030.00

6,520.00

11,820.00

Jul-10

13,283.28

20,080.00

34.50

6,000.00

6,450.00

11,420.00

Jun-10

12,449.90

18,000.00

34.00

6,000.00

6,240.00

11,400.00

May-10

12,236.19

17,900.00

34.00

7,000.00

6,060.00

11,240.00

Apr-10

12,512.61

17,680.00

38.50

7,000.00

6,180.00

11,520.00

Mar-10

12,118.31

17,380.00

33.00

9,890.00

59,000.00

11,980.00

Feb-10

11,724.52

17,800.00

35.90

7,210.00

52,400.00

11,760.00

Jan-10

11,551.45

18,500.00

40.00

8,000.00

52,000.00

11,740.00

Dec-09

11,602.14

19,500.00

37.00

8,200.00

51,200.00

10,800.00

Nov-09

11,245.01

18,680.00

17.00

8,040.00

53,900.00

10,500.00

Ecopetrol

ETB

Enka

Fabricato

Gas Natural

ISA

ISAGEN

4,340.00

397.00

7.60

20.00

120,120.00

8,580.00

2,525.00

5,050.00

413.00

7.55

20.00

120,120.00

9,000.00

2,540.00

5,210.00

430.00

8.00

72.00

120,120.00

9,800.00

2,555.00

5,620.00

386.00

7.42

72.00

120,120.00

10,180.00

2,495.00

5,460.00

396.00

7.23

72.00

120,120.00

9,600.00

2,505.00

5,290.00

407.00

6.75

72.00

120,120.00

9,500.00

2,560.00

5,450.00

455.00

9.00

91.00

120,120.00

9,920.00

2,570.00

5,300.00

415.00

8.87

93.00

120,120.00

9,520.00

2,450.00

5,270.00

391.00

7.19

92.00

120,120.00

10,960.00

2,465.00

5,150.00

399.00

6.50

89.00

120,120.00

11,400.00

2,485.00

4,985.00

401.00

7.99

92.50

114,000.00

11,600.00

2,450.00

5,450.00

450.00

8.70

89.00

120,020.00

11,420.00

2,550.00

5,700.00

482.00

8.80

89.00

115,020.00

11,400.00

2,465.00

5,430.00

449.00

9.51

89.50

115,020.00

11,300.00

2,285.00

5,210.00

482.00

8.95

89.50

109,000.00

11,400.00

2,285.00

4,600.00

504.00

8.55

90.00

109,000.00

11,220.00

2,085.00

4,215.00

477.00

8.04

84.50

109,000.00

11,200.00

2,080.00

4,100.00

476.00

10.30

77.50

108,300.00

10,520.00

2,055.00

4,000.00

568.00

11.90

71.00

115,000.00

11,900.00

2,200.00

3,860.00

580.00

10.90

71.50

113,000.00

11,600.00

2,210.00

3,855.00

530.00

11.00

73.00

113,000.00

12,200.00

2,295.00

3,735.00

540.00

12.10

73.50

113,000.00

12,240.00

2,320.00

3,885.00

705.00

13.30

65.50

119,000.00

12,720.00

2,370.00

4,045.00

710.00

13.10

58.50

125,000.00

13,040.00

2,495.00

3,800.00

650.00

13.70

44.00

115,020.00

12,540.00

2,350.00

3,885.00

672.00

14.80

41.90

115,020.00

12,720.00

2,420.00

3,965.00

565.00

14.10

31.20

115,020.00

12,780.00

2,440.00

3,970.00

621.00

14.90

30.60

101,240.00

13,200.00

2,425.00

4,100.00

670.00

12.70

26.90

101,240.00

14,100.00

2,600.00

3,840.00

660.00

13.10

27.30

101,240.00

13,500.00

2,490.00

4,410.00

740.00

14.70

26.00

110,000.00

14,600.00

2,575.00

3,700.00

779.00

13.80

27.40

105,000.00

14,100.00

2,475.00

3,485.00

1,095.00

13.30

28.80

95,000.00

12,960.00

2,285.00

3,105.00

1,040.00

9.54

29.80

95,000.00

13,080.00

2,255.00

2,755.00

1,065.00

9.39

28.80

95,000.00

12,800.00

2,265.00

2,700.00

1,075.00

9.66

30.00

95,000.00

12,720.00

2,155.00

2,765.00

1,155.00

9.85

30.30

95,000.00

12,980.00

2,335.00

2,700.00

1,040.00

9.00

30.60

100,000.00

12,800.00

2,280.00

2,560.00

1,005.00

8.00

29.40

100,000.00

12,880.00

2,225.00

2,455.00

1,140.00

8.05

29.40

100,000.00

12,680.00

2,230.00

2,485.00

1,155.00

7.00

29.90

100,000.00

12,980.00

2,200.00

2,505.00

1,120.00

6.22

26.80

92,000.00

11,420.00

2,210.00

Mineros de
Antioquia
4,100.00

25,260.00

9,300.00

67,000.00

Sociedad
Bolivar
46,000.00

4,715.00

26,000.00

9,980.00

70,000.00

46,000.00

7.90

(0.08)

4,860.00

26,760.00

9,500.00

70,000.00

46,000.00

7.82

(0.06)

4,500.00

25,380.00

8,300.00

70,000.00

47,500.00

7.82

0.02

4,250.00

25,420.00

8,660.00

58,500.00

48,500.00

8.35

(0.03)

4,205.00

25,000.00

8,400.00

51,000.00

48,580.00

8.11

(0.01)

4,800.00

24,500.00

9,590.00

52,500.00

48,600.00

10.60

0.03

4,015.00

21,020.00

9,300.00

54,000.00

48,600.00

10.00

0.18

4,310.00

20,500.00

9,270.00

54,000.00

49,000.00

10.00

(0.01)

4,000.00

20,900.00

9,350.00

56,000.00

49,000.00

9.90

(0.03)

4,460.00

20,500.00

9,290.00

58,000.00

49,900.00

9.52

0.04

4,730.00

21,200.00

9,400.00

58,200.00

52,000.00

10.80

0.00

4,830.00

21,620.00

9,490.00

59,000.00

50,200.00

10.20

0.03

4,910.00

21,660.00

9,990.00

59,000.00

51,180.00

10.30

0.10

5,390.00

21,900.00

9,800.00

57,000.00

51,180.00

10.50

0.03

5,210.00

21,300.00

8,770.00

57,000.00

51,180.00

10.10

0.02

4,810.00

21,800.00

8,600.00

58,000.00

51,220.00

9.98

(0.03)

5,000.00

21,300.00

8,700.00

60,000.00

52,000.00

9.81

0.08

5,700.00

22,600.00

8,700.00

61,000.00

50,940.00

9.59

(0.02)

6,030.00

23,280.00

8,810.00

60,000.00

50,920.00

9.75

0.05

6,040.00

22,300.00

8,750.00

63,200.00

50,900.00

10.70

(0.02)

5,870.00

22,200.00

8,500.00

64,900.00

52,000.00

11.70

(0.01)

6,200.00

23,480.00

8,600.00

64,900.00

52,680.00

13.00

(0.02)

6,550.00

24,960.00

8,500.00

63,000.00

52,000.00

12.20

(0.08)

6,640.00

22,860.00

8,700.00

62,000.00

55,400.00

11.90

(0.03)

6,300.00

23,500.00

8,830.00

67,020.00

55,580.00

11.60

(0.00)

6,890.00

23,520.00

8,900.00

65,000.00

57,040.00

10.50

0.07

7,300.00

25,000.00

9,000.00

70,000.00

59,900.00

9.26

0.11

7,860.00

27,100.00

8,450.00

67,000.00

59,000.00

9.80

(0.02)

7,500.00

25,300.00

7,600.00

54,000.00

59,000.00

8.96

(0.02)

7,680.00

27,000.00

7,950.00

50,000.00

63,000.00

9.94

(0.01)

6,900.00

25,960.00

7,780.00

50,000.00

58,500.00

9.85

0.07

5,800.00

25,280.00

7,390.00

50,000.00

49,000.00

10.40

(0.01)

6,000.00

25,000.00

7,500.00

50,500.00

47,560.00

10.10

0.12

6,000.00

20,700.00

7,400.00

50,500.00

45,000.00

8.15

0.12

5,700.00

20,960.00

7,100.00

50,500.00

41,420.00

7.35

0.01

5,720.00

21,820.00

7,300.00

54,500.00

40,600.00

7.79

0.01

5,720.00

21,420.00

7,900.00

57,700.00

42,500.00

6.74

0.02

5,550.00

20,520.00

7,360.00

53,880.00

40,000.00

6.37

(0.02)

5,500.00

20,200.00

7,380.00

53,900.00

40,000.00

6.22

(0.04)

5,580.00

21,000.00

7,500.00

50,000.00

40,000.00

5.95

(0.05)

5,620.00

22,000.00

6,500.00

40,000.00

36,100.00

5.59

0.04
1.35%

Nutresa

Odinsa

Proteccin

Tablemac

xito

7.48

Acerias Paz del

Rio
(0.35)

Carton
Colombia

Cementos
Argos

Celsia
-

Ecopetrol

ETB

Enka

(0.06)

(0.06)

(0.14)

(0.04)

0.01

0.54

0.00

(0.06)

(0.06)

(0.03)

(0.04)

(0.06)

(0.35)

(0.06)

0.03

(0.15)

(0.07)

0.11

0.08

(0.16)

0.09

0.09

0.03

(0.03)

0.03

(0.03)

0.01

0.11

0.03

(0.03)

0.07

0.10

(0.03)

0.04

(0.03)

(0.11)

(0.25)

(0.00)

0.10

0.12

0.03

0.10

0.01

0.04

0.10

0.01

0.06

0.23

(0.23)

0.07

0.03

0.00

0.02

(0.02)

0.11

(0.25)

0.10

0.01

0.03

(0.00)

(0.19)

(0.07)

(0.09)

(0.38)

(0.09)

(0.11)

(0.08)

(0.13)

0.01

(0.01)

(0.08)

(0.04)

(0.07)

(0.01)

0.09

0.10

0.10

0.10

0.05

0.07

(0.07)

0.02

0.04

(0.07)

0.06

0.13

(0.04)

0.05

0.18

0.03

(0.01)

(0.04)

(0.07)

(0.02)

(0.16)

(0.13)

0.17

0.00

0.09

0.06

0.06

0.18

(0.05)

0.02

0.03

0.00

(0.22)

(0.05)

(0.06)

(0.01)

0.03

(0.16)

(0.13)

0.01

0.02

(0.01)

0.04

(0.02)

0.09

(0.14)

(0.02)

0.00

0.09

(0.01)

(0.18)
(0.09)
-

(0.03)

0.04

0.01

0.03

(0.02)

(0.09)

(0.07)

(0.07)

(0.03)

(0.04)

(0.23)

(0.09)

(0.04)

(0.03)

(0.01)

(0.04)

(0.01)

0.02

(0.02)

0.05

0.08

0.06

0.09

(0.04)
(0.07)

0.04

0.01

(0.05)

(0.01)

(0.02)

(0.03)

(0.04)

0.01

(0.03)

(0.01)

(0.02)

0.19

0.05

0.02

(0.10)

0.03

(0.04)

(0.00)

(0.09)

(0.05)

0.01

(0.10)

0.00

(0.03)

(0.07)

0.17

0.04

(0.00)

(0.02)

0.00

0.07

0.02

(0.03)

(0.01)

0.12

(0.10)

(0.10)

(0.13)

(0.11)

(0.11)

0.04

0.01

(0.04)

0.01

0.19

(0.05)

0.07

0.14

(0.00)

0.04

0.07

0.06

(0.29)

0.04

0.11

0.17

0.01

0.04

0.12

0.05

0.39

0.03

0.00

0.13

(0.02)

0.02

0.03

0.01

0.02

(0.01)

(0.03)

0.01
(0.12)

(0.14)

(0.02)

(0.02)

(0.02)

(0.07)

(0.02)

0.17

(0.29)

(0.90)

(0.04)

0.02

0.11

0.09

(0.08)

0.37

0.13

0.02

0.05

0.03

0.13

(0.10)

(0.10)

0.01

0.00

0.04

(0.12)

(0.01)

0.08

(0.02)

0.02

0.09

(0.01)

(0.01)

0.15

1.18
1.36%

0.02
-0.56%

(0.05)
-2.16%

0.03
-0.22%

(0.01)
1.56%

0.03
-2.05%

0.13
1.17%

Fabricato

Gas Natural
-

ISA

Mineros de
Antioquia

ISAGEN

Nutresa

Odinsa

(0.05)

(0.01)

(0.13)

(0.03)

(0.07)

(0.08)

(0.01)

(0.03)

(0.03)

0.05

(0.04)

0.02

0.08

0.05

0.14

0.06

(0.00)

0.06

(0.00)

(0.04)

(0.72)

0.01

(0.02)

0.01

0.02

0.03

(0.21)

(0.04)

(0.00)

(0.12)

0.02

(0.12)

(0.02)

0.04

0.05

0.20

0.17

0.03

0.01

(0.13)

(0.01)

(0.07)

0.03

0.00

0.03

(0.04)

(0.01)

0.08

(0.02)

(0.01)

(0.04)

0.05

(0.02)

0.01

(0.10)

0.02

0.01

0.04

(0.05)

0.02

(0.04)

(0.06)

(0.03)

(0.01)

0.04

0.00

0.03

(0.02)

(0.02)

(0.01)

0.01

0.08

(0.02)

(0.00)

(0.05)

(0.01)
-

(0.09)

(0.01)

0.02

(0.01)

0.06
-

(0.01)
0.02

0.10

0.03

0.03

0.12

0.07

0.00

0.00

0.08

(0.02)

0.02
(0.01)

0.09

0.01

0.06

0.01

(0.04)

0.02

0.09

(0.06)

(0.12)

(0.07)

(0.12)

(0.06)

(0.01)

0.02

0.03

(0.00)

(0.05)

(0.03)

(0.01)
0.01

(0.02)

(0.05)

(0.04)

(0.00)

0.04

(0.01)

(0.00)

(0.01)

0.03

0.00

0.03
(0.01)

0.12

(0.05)

(0.04)

(0.02)

(0.05)

(0.05)

0.12

(0.05)

(0.02)

(0.05)

(0.05)

(0.06)

0.01

0.33

0.09

0.04

0.06

(0.01)

0.09

(0.02)

0.05

(0.01)

(0.03)

0.05

(0.03)

(0.01)

0.34

(0.00)

(0.01)

(0.09)

(0.00)

(0.01)

(0.03)

0.01

(0.06)

(0.06)

(0.01)
0.07

0.02

0.14

0.14

(0.06)

(0.07)

(0.07)

(0.08)

(0.01)

0.04

0.04

0.05

0.07

0.11

0.05

(0.08)

(0.08)

(0.03)

(0.02)

(0.06)

(0.04)

(0.05)

0.05

0.04

0.04

0.11

0.04

0.02

(0.05)

0.11

0.09

0.08

0.19

0.03

0.05

(0.03)

0.01

(0.01)

0.21

0.01

(0.03)

(0.01)

0.01

0.03

0.02

(0.00)

(0.04)

0.01

0.05

0.05

(0.01)

0.04

(0.01)

(0.02)

(0.08)

(0.00)

(0.04)

(0.03)

0.02

(0.08)

(0.01)
0.04
(0.02)
0.12
1.06%

(0.05)

0.01

0.02

(0.01)

0.02

0.03

0.04

0.07

0.02

(0.00)

0.01

0.02

(0.00)

(0.02)

0.01

(0.01)

(0.04)

(0.02)

0.14
-0.57%

(0.00)
0.40%

(0.01)
-0.50%

(0.05)
0.49%

0.15
1.02%

0.09
0.74%

Sociedad
Bolivar

Proteccin
(0.04)
-

Tablemac

Rsector

Rm

Rf

(0.05)

(0.06)

(0.0480)

0.04

0.01

(0.03)

(0.05)

0.03

(0.01)

(0.01)

0.04

(0.03)

0.20

(0.02)

(0.06)

0.01

0.02

0.04

0.15

(0.00)

0.03

0.02

0.04

0.04

(0.03)

(0.00)

(0.23)

(0.05)

(0.04)

0.05

0.06

0.06

0.05

0.05

0.00

(0.00)

0.05

0.01

0.01

0.02

0.05

(0.03)
(0.04)

(0.01)
-

(0.03)

(0.02)

0.04

(0.02)

0.03

0.05

(0.00)

(0.04)

(0.12)

(0.06)

(0.08)

0.05

(0.01)

0.04

0.06

(0.01)

(0.04)

0.05

(0.02)

(0.01)

0.03

0.01

0.05

(0.02)

0.01

0.01

0.05

0.04

0.02

0.08

0.06

0.04
(0.02)

(0.00)

0.01

0.01

0.09

0.06

(0.03)

(0.02)

0.02

0.01

(0.02)

0.06

(0.02)

0.02

0.02

(0.05)

(0.03)

0.06

0.02

0.00

(0.02)

0.01

0.03

0.06

(0.05)

0.00

(0.09)

(0.02)

(0.04)

0.05

(0.03)

(0.02)

(0.09)

(0.01)

(0.04)

0.06

(0.01)

(0.10)

(0.04)

(0.00)

0.06

0.03

0.01

0.07

(0.01)

(0.03)

0.06

0.02

(0.06)

0.03

0.04

0.01

0.06

(0.07)

(0.00)

0.03

(0.01)

(0.01)

0.06

0.03

(0.03)

0.10

0.03

(0.04)

0.06

(0.07)

(0.05)

0.13

(0.01)

(0.00)

0.06

0.04

0.02

(0.06)

(0.01)

(0.03)

0.06

0.09

0.04

0.04

0.06

(0.10)

(0.04)

(0.06)

0.05

0.24
0.08

(0.06)

0.08

0.01

0.04

0.08

0.05

0.19

(0.05)

0.04

0.04

0.05

0.03

0.03

0.06

0.06

0.05

0.06

0.24

0.05

0.07

0.06

0.09

0.11

0.01

0.02

0.06

(0.07)

0.02

(0.06)

(0.03)

(0.02)

0.06

(0.06)

(0.04)

0.16

(0.05)

0.03

0.07

0.07

0.06

0.06

0.06

0.03

0.07

(0.01)

(0.00)

0.02

(0.01)

0.01

0.07

0.08

0.05

0.01

(0.00)

0.07

0.06
1.05%

0.12
0.35%

0.03
0.52%

0.06
5.49%

0.25
1.52%

0.11
0.69%

Fecha

RsectorFinanciero

Rsector-Real

Rm

Rf

Min((RsfRPsf);0)

Min((RRmRPRm);0)

Min((RsrRPsr);0)

Apr-13

-1.04%

-6.1%

-4.8%

3.8%

-2.3%

-5.3%

-6.5%

Mar-13

-0.98%

-3.2%

-4.7%

3.5%

-2.2%

-5.3%

-3.6%

Feb-13

1.29%

-0.9%

-1.0%

4.2%

0.0%

-1.5%

-1.3%

Jan-13

0.37%

1.1%

1.8%

4.1%

-0.9%

0.0%

0.0%

Dec-12

3.27%

2.1%

3.9%

4.0%

0.0%

0.0%

0.0%

Nov-12

-3.68%

-5.5%

-4.2%

4.8%

-4.9%

-4.7%

-5.8%

Oct-12

3.90%

5.7%

5.2%

4.8%

0.0%

0.0%

0.0%

Sep-12

3.20%

0.1%

-0.2%

4.7%

0.0%

-0.7%

-0.2%

Aug-12

-1.54%

1.0%

2.3%

4.7%

-2.8%

0.0%

0.0%

Jul-12

1.42%

-1.9%

2.6%

5.2%

0.0%

0.0%

-2.2%

Jun-12

-1.66%

-6.2%

-8.0%

5.2%

-2.9%

-8.5%

-6.5%

May-12

-4.42%

-1.1%

-4.1%

5.3%

-5.7%

-4.7%

-1.4%

Apr-12

0.41%

2.9%

1.2%

5.4%

-0.9%

0.0%

0.0%

Mar-12

5.56%

1.5%

0.7%

5.4%

0.0%

0.0%

0.0%

Feb-12

4.90%

2.0%

7.7%

5.8%

0.0%

0.0%

0.0%

Jan-12

-4.25%

1.2%

9.5%

5.8%

-5.5%

0.0%

0.0%

Nov-11

1.77%

0.9%

-2.0%

5.8%

0.0%

-2.5%

0.0%

Nov-11

-3.97%

-5.0%

-3.0%

5.8%

-5.2%

-3.5%

-5.4%

Oct-11

0.94%

0.6%

3.1%

5.7%

-0.3%

0.0%

0.0%

Sep-11

-2.63%

-2.1%

-3.8%

5.3%

-3.9%

-4.3%

-2.5%

Aug-11

-1.94%

-0.9%

-4.4%

5.5%

-3.2%

-4.9%

-1.3%

Jul-11

-1.29%

-4.3%

-0.2%

5.6%

-2.6%

-0.7%

-4.7%

Jun-11

-1.83%

-1.0%

-3.3%

5.8%

-3.1%

-3.8%

-1.4%

May-11

-1.05%

4.1%

1.2%

5.9%

-2.3%

0.0%

0.0%

Apr-11

0.30%

-1.0%

-0.6%

6.0%

-1.0%

-1.1%

-1.3%

Mar-11

-1.50%

3.2%

-3.6%

6.1%

-2.8%

-4.1%

0.0%

Feb-11

-2.20%

-0.6%

-0.5%

6.4%

-3.5%

-1.0%

-1.0%

Jan-11

-0.58%

-0.6%

-2.7%

6.0%

-1.8%

-3.2%

-0.9%

Dec-10

7.12%

3.8%

3.8%

5.9%

0.0%

0.0%

0.0%

Nov-10

-3.41%

-4.4%

-6.1%

5.1%

-4.7%

-6.6%

-4.8%

Oct-10

9.56%

3.5%

8.1%

4.9%

0.0%

0.0%

0.0%

Sep-10

6.77%

3.8%

4.3%

5.2%

0.0%

0.0%

0.0%

Aug-10

16.70%

5.5%

6.2%

5.2%

0.0%

0.0%

0.0%

Jul-10

7.02%

4.7%

6.7%

5.6%

0.0%

0.0%

0.0%

Jun-10

1.35%

1.0%

1.7%

5.8%

0.0%

0.0%

0.0%

May-10

0.06%

-3.0%

-2.2%

6.4%

-1.2%

-2.7%

-3.4%

Apr-10

0.25%

-4.6%

3.3%

6.9%

-1.0%

0.0%

-5.0%

Mar-10

5.72%

5.7%

3.4%

7.2%

0.0%

0.0%

0.0%

Feb-10

5.24%

-1.4%

1.5%

7.3%

0.0%

0.0%

-1.8%

Jan-10

-1.88%

1.5%

-0.4%

7.0%

-3.1%

-1.0%

0.0%

Dec-09

4.66%

12.4%

3.2%

6.1%

0.0%

0.0%

0.0%

Promedio

1.3%

0.35%

0.52%

5.49%

0.0%

0.0%

0.0%

-1.3%

-0.5%

-0.4%

Beta Sector Financiero - Estrada

Resumen
Estadsticas de la regresin
Coeficiente de correlacin
0.48035775mltiple
Coeficiente de determinacin
0.23074357 R^2
R^2 ajustado 0.21101904
Error tpico
0.016368
Observaciones
41
ANLISIS DE VARIANZA
Grados de libertad
Suma de Promedio
cuadradosde los cuadrados
F Valor crtico de F
Regresin
1 0.00313411 0.003134 11.6983 0.00147992
Residuos
39 0.01044855 0.000268
Total
40 0.01358266
Coeficientes Error tpico EstadsticoProbabilidadInferior
t
95% Superior 95% Inferior 95,0%
Intercepcin -0.01029842 0.00314524 -3.27429 0.00223 -0.01666027 -0.00393658 -0.01666027
Min((Rsr- RPsr);0)
0.42222677 0.12344805 3.420279 0.00148 0.17252952 0.67192401 0.17252952
Beta

Min((RRmRPRm);0)
-5.3%
-5.3%
-1.5%
0.0%
0.0%
-4.7%
0.0%
-0.7%
0.0%
0.0%
-8.5%
-4.7%
0.0%
0.0%
0.0%
0.0%
-2.5%
-3.5%
0.0%
-4.3%
-4.9%
-0.7%
-3.8%
0.0%
-1.1%
-4.1%
-1.0%
-3.2%
0.0%
-6.6%
0.0%
0.0%
0.0%
0.0%
0.0%
-2.7%
0.0%
0.0%
0.0%
-1.0%
0.0%
0.0%
-0.5%

Rentabilidad esperada de la accin

CAPM-M

Costo de capital Sector Financiero

Costo de capital Sector Real

0.03391
0.02424

Rf

Rm

0.05488
0.05488

0.00523
0.00523

Beta Sector Real - Estrada

Resumen
Estadsticas de la regresin
Coeficiente de correlacin mltiple
0.6791139
Coeficiente de determinacin R^2
0.461195689
R^2 ajustado
0.447380194
Error tpico
0.015584565
Observaciones
41
ANLISIS DE VARIANZA
Grados de libertad
Regresin
Residuos
Total
Superior 95,0%
-0.00393658 Intercepcin
0.67192401 Min((RRm- RPRm);0)
Beta

Suma de cuadrados
Promedio de los cuadrados F
1
0.0081079
0.0081079 33.3824943
39 0.00947227 0.00024288
40 0.01758016

Coeficientes
Error tpico Estadstico t Probabilidad
-0.004275985 0.00304461 -1.40444333 0.16810135
0.617090301 0.10680445 5.77775859 1.0543E-06

Beta
0.42222677
0.6170903

(Rm-Rf)
-0.04965
-0.04965

Valor crtico de F
1.0543E-06

Inferior 95% Superior 95% Inferior 95,0%Superior 95,0%

-0.01043429 0.00188232 -0.01043429 0.00188232
0.40105792 0.83312268 0.40105792 0.83312268