Colombia Stocks Hold as Ecopetrol Dips 1% | Colombia Market Report, Oct 15
Colombia’s COLCAP edged down to about 2,580 on Thursday 15 October while Ecopetrol’s New York shares fell 1.12% to US$17.70. The post Colombia Stocks Hold as Ecopetrol Dips 1% | Colombia Market Report, Oct 15 appeared first on The Rio Times .
On October 15, Colombia's main stock index, the MSCI COLCAP, experienced a slight decline, closing at approximately 2,580 points, a decrease of 0.06%. Ecopetrol, the state-controlled oil company, saw its stock dip by 1.12% in New York. US investors primarily follow Ecopetrol and Grupo Cibest's ADRs through their New York listings.
Despite US oil funds rising, Ecopetrol's shares fell, while Grupo Cibest, a banking group, rose by 0.75%. The overall index remained flat, despite the contrasting moves in its largest constituents. The MSCI COLCAP closed at around 2,580, below its all-time high set in September. The data surrounding the peso's movement on this day is unclear, as sources report different values.
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