Colombian Stocks Hit Record

Colombia’s Stock Exchange Index rose a record, led by Bavaria, South America’s second-biggest brewer, on speculation SABMiller may announce a takeover of the company. Colombia’s IGBC index rose 168.72, or 2.9 percent, to 5,953.94, the highest since the nation’s three exchanges were unified in July 2001. Colombia’s foreign direct investment rose by a third in the first quarter to $822 million from a year earlier, its highest level in three years, as the country’s improved security and expanding economy helped boost investor confidence