FOREX TradingCharts.com

Financial News: COLOMBIA: Colcap Falls 0.10% Due To Poor Performance

COLOMBIA: Colcap Falls 0.10% Due To Poor Performance Of Financial Stocks

06/22/2018 - 19:50:00 (RTTNews)

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.76% to 1,370.05 points Friday, due to the poor performance of financial shares.

Rodrigo Sanchez, an analyst at Ultraserfinco, said that financial stocks fell after Moodys indicated that the Colombian banking sector has a limited upward rating given the negative outlook on the country's sovereign rating.

The shares of Cemargos (+2.29%), and Ecopetrol (+1.23%) rose, while Sura (-2.35%), Bancolombia (-1.64%), Grupo Aval (-1.24%), Corficolombiana (-1.19%) and Preferencial Bancolombia (-1.16%) closed lower.

Meanwhile, the locally traded U.S. dollar closed at 2,916.50 Colombian pesos, marking a 1.21% fall due to the rise in oil prices abroad.

Marcela Ramirez, an analyst at Acciones & Valores, pointed out that the greenback gave up on earlier gains due to profit-taking by FX traders and the rise in oil prices on a day in which Organization of Petroleum Exporting Countries (OPEC) reached an agreement that allows increasing the supply of crude oil by about 0.5%, below the level expected by the market.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Belgium Consumer Confidence Improves In July (02 hr(s), 45 min(s), 50 sec(s) ago)
(RTTNews) - Belgium's consumer confidence improved slightly in July for the first time in four ...Full Story»

Ireland's Wholesale Prices Drop At Slower Pace (02 hr(s), 56 min(s), 50 sec(s) ago)
(RTTNews) - Ireland's wholesale prices fell at a slower pace in June, the Central Statistics O ...Full Story»

UK June Budget Deficit Smallest In 2 Years (03 hr(s), 01 min(s), 50 sec(s) ago)
(RTTNews) - The UK budget deficit narrowed in June on higher revenue and lower expenditure and pub ...Full Story»

Poland's Retail Sales Growth Tops Expectations (04 hr(s), 45 min(s), 50 sec(s) ago)
(RTTNews) - Poland's retail sales grew more than expected in June, figures from Statistics Pol ...Full Story»

Eurozone Govt. Deficit Narrows In Q1 (05 hr(s), 07 min(s), 50 sec(s) ago)
(RTTNews) - The euro area government deficit continued to narrow in the first quarter as revenue i ...Full Story»

Luxembourg Jobless Rate Lowest Since April 2011 (05 hr(s), 49 min(s), 50 sec(s) ago)
(RTTNews) - Luxembourg's unemployment rate resumed its downward trend in June, after holding s ...Full Story»

Eurozone Current Account Surplus Declines In May (06 hr(s), 46 min(s), 50 sec(s) ago)
(RTTNews) - The euro area current account surplus declined notably in May, the European Central Ba ...Full Story»

UK Budget Deficit Narrows In June (07 hr(s), 07 min(s), 50 sec(s) ago)
(RTTNews) - The UK budget deficit narrowed in June, the Office for National Statistics said Friday ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Belgium Consumer Confidence Improves In July

07/20/2018 - 09:16 AM (RTTNews)
(RTTNews) - Belgium's consumer confidence improved slightly in July for the first time in four ...Full Story>>

Ireland's Wholesale Prices Drop At Slower Pace

07/20/2018 - 09:05 AM (RTTNews)
(RTTNews) - Ireland's wholesale prices fell at a slower pace in June, the Central Statistics O ...Full Story>>

UK June Budget Deficit Smallest In 2 Years

07/20/2018 - 09:00 AM (RTTNews)
(RTTNews) - The UK budget deficit narrowed in June on higher revenue and lower expenditure and pub ...Full Story>>

Poland's Retail Sales Growth Tops Expectations

07/20/2018 - 07:16 AM (RTTNews)
(RTTNews) - Poland's retail sales grew more than expected in June, figures from Statistics Pol ...Full Story>>

Eurozone Govt. Deficit Narrows In Q1

07/20/2018 - 06:54 AM (RTTNews)
(RTTNews) - The euro area government deficit continued to narrow in the first quarter as revenue i ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.