Colombia Stocks Fall 1.38% as Peso Firms | Colombia Market Report, Oct 26
Colombia's COLCAP stock index fell 1.38% on Monday, a one-month low, while Ecopetrol rose 3.52% and the peso firmed to about 3,130 per dollar. The post Colombia Stocks Fall 1.38% as Peso Firms | Colombia Market Report, Oct 26 appeared first on The Rio Times .
Colombia's stock market, measured by the COLCAP index, fell 1.38% on Monday, reaching its lowest level in about a month. Financial and utility shares contributed to the decline, while Ecopetrol, a state-owned oil company, rose 3.52% to 2,795 pesos. Meanwhile, the Colombian peso strengthened, with the dollar trading near 3,130 pesos, the lowest level in over a month.
The MSCI COLCAP index closed at 2,505.04, just above the psychological 2,500 mark, which traders closely monitor. The peso's improvement and Ecopetrol's rise provided some support, but the market remains cautious ahead of Colombia's central bank decision.
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