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Financial News: COLOMBIA: Colcap Raises By FTSE Rebalancing

COLOMBIA: Colcap Raises By FTSE Rebalancing

03/19/2018 - 14:57:00 (RTTNews)

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, rose 0.58% to 1,475.75 points Friday on the rise in the shares of Ecopetrol and Bancolombia pending the rebalancing of the FTSE index. In the week, the Colcap fell 0.42%.

Adcap Colombia analysts noted that the focus of the local market should be centered next week at the central bank meeting, scheduled for Tuesday.

The locally traded U.S. dollar closed at 2,855 Colombian pesos, marking a 0.33% rise. Analysts at Ultraserfinco noted that within the framework of the advance in the price of crude oil observed in yesterday's session, and the marginal retreat in the greenback's quote, the local market was expecting for today a combination that aims at extending the trading range of the last few sessions.

The Colombian stock market will remain closed on Monday due to a national holiday.

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