COLCAP Jumps 1.54% to 2,570 as Peso Firms | Colombia Market Report, Oct 13
Colombia’s COLCAP gained 1.54% to 2,570.29 on Tuesday 13 October, its first session after the holiday, as the dollar closed at 3,182 pesos. The post COLCAP Jumps 1.54% to 2,570 as Peso Firms | Colombia Market Report, Oct 13 appeared first on The Rio Times .
Colombian stocks rose on Tuesday 13 October, the first trading day after a long holiday weekend. The COLCAP, the main index of the Colombian Stock Exchange (BVC), increased 1.54% to 2,570.29 points. The peso strengthened; the dollar closed near 3,182 pesos, 12 below the official daily rate set by the Superintendencia Financiera.
Valora Analitik reported a softer global dollar, with investors waiting for US inflation data. A stronger peso and rising index benefited US investors in Colombian ADRs like Ecopetrol and Bancolombia, though stock-level drivers could not be confirmed. The COLCAP closed 39.06 points, or 1.54%, above its previous close of 2,531.23.
Market breadth was negative, with only 1 of 9 names advancing. Financials led the gains, while Industrials lagged.
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