Colombia Stocks Flat as Peso Slips 0.5% | Colombia Market Report, Oct 28
Colombia’s COLCAP index closed almost flat at 2,505.79 on Wednesday, down 0.03%, while the peso slipped about 0.5% to 3,163 per dollar as oil rose. The post Colombia Stocks Flat as Peso Slips 0.5% | Colombia Market Report, Oct 28 appeared first on The Rio Times .
Colombia's stock market stayed relatively stable on Wednesday, with the COLCAP index ending at 2,505.79 points, a mere 0.03% decline from the previous day. This modest drop contrasts with the peso's 0.5% depreciation to around 3,163 per US dollar. The peso's decline makes imports and dollar debt costlier for Colombian households and firms.
Ecopetrol, a key player in the index and the state-controlled oil company, saw a 2.3% rise in New York as oil prices climbed. However, Banco de la Republica, Colombia's central bank, kept interest rates unchanged at 3¾% to 4%, with yields at 5.02%.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.