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Financial News: COLOMBIA: Colcap Ends Nearly Stable

COLOMBIA: Colcap Ends Nearly Stable

05/02/2018 - 18:22:00 (RTTNews)

(RTTNews) - Colcap, the benchmark stock market index in Colombia, ended nearly stable at 1,565.67 points Wednesday, boosted by Canacol (+3.05%), Bancolombia (+1.51%) and Ecopetrol (+0,16%) - the last one reacting to rising oil prices - according to Ramses Pestanapalmett, an analyst at Ultraserfinco.

The locally traded US dollar rose 1.13%, to 2,832.50 pesos, as traders increased their bets on a faster monetary policy tightening in the United States after the country's central bank highlighted that inflation is nearing the 2% annual target.

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