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Financial News: COLOMBIA: Colcap Falls To Lowest Level In More

COLOMBIA: Colcap Falls To Lowest Level In More Than A Month

05/21/2018 - 18:20:00 (RTTNews)

(RTTNews) - Colcap, the benchmark stock market index in Colombia, fell for the fourth straight session on Monday, sliding 0.25% to 1.516 points - the lowest closing level since April 5. Investors continued to take profits in emerging markets in spite of an improvement in market sentiment in the United States, according to Erika Baquero, an analyst at Alianza Valores.

Corficolombiana (2.24%) and Cemargos (2.07%) ended higher, while Ecopetrol (-0.79%) and Preferencial Bancolombia (-0.55%) finished the day lower, weighing on the Colcap.

The locally traded US dollar also ended down, falling 1.57%, to 2,876.00 pesos, as oil prices increased and boosted commodity-related currencies, according to Wilson Tovar, an analyst at Acciones & Valores.

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