FOREX TradingCharts.com

Financial News: COLOMBIA: Colcap Rises Slightly Despite Negative Earnings

COLOMBIA: Colcap Rises Slightly Despite Negative Earnings Reports

11/21/2017 - 20:43:00 (RTTNews)

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, is rising 0.09% shortly before closing Tuesday to 1,447.55 points, despite negative corporate quarterly results.

Corficolombiana published the main earnings report of the Colombia stock exchange and said that its net income decreased by 25.5% in the third quarter from a year before. The results were weak, according to Alianza Valores brokerage.

Banco Davivienda, another financial sector company, also published less than great results, with a 24.8% decrease in the third quarter net profit compared to a year ago.

Bancolombia's shares were among the few financial sector shares rising (+0,69%), amid a market correction, said Marcela Ramírez, an analyst at Acciones & Valores, and counterbalanced the price decline of Ecopetrol's stock.

The locally traded U.S dollar closed at 2,994.25 Colombian pesos, marking a 0.68% fall, due to an oil price spike abroad. Saudi Arabia's oil export report in September showed an output decline to the lowest level in six years. Wilson Tovar, an analyst at Acciones & Valores, noted that the rise in crude prices favors emerging currencies compared to the greenback.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


South Africa's Manufacturing Production Rebounds In October (01 hr(s), 10 min(s), 10 sec(s) ago)
(RTTNews) - South Africa's manufacturing production increased at a faster-than-expected pace i ...Full Story»

German Economic Sentiment Weakens In December (01 hr(s), 48 min(s), 10 sec(s) ago)
(RTTNews) - Germany's economic sentiment weakened in December, survey data from the Mannheim-b ...Full Story»

Malta Industrial Production Declines In October (02 hr(s), 07 min(s), 10 sec(s) ago)
(RTTNews) - Malta's industrial production declined in October, after rising in the previous tw ...Full Story»

UK Inflation Highest Since 2012 (02 hr(s), 29 min(s), 10 sec(s) ago)
(RTTNews) - UK inflation accelerated to a more than five year high in November, data from the Offi ...Full Story»

UK House Price Inflation Eases For Second Month (02 hr(s), 34 min(s), 10 sec(s) ago)
(RTTNews) - British house price inflation eased for the second straight month in October, figures ...Full Story»

Sweden's Inflation Rises In November (03 hr(s), 34 min(s), 10 sec(s) ago)
(RTTNews) - Sweden's consumer price inflation accelerated in November, data from Statistics Sw ...Full Story»

Slovakia Industrial Production Grows For Second Month (04 hr(s), 02 min(s), 10 sec(s) ago)
(RTTNews) - Slovakia's industrial production expanded for the second successive month in Octob ...Full Story»

Romania Inflation Accelerates Further In November (04 hr(s), 40 min(s), 10 sec(s) ago)
(RTTNews) - Romania's consumer price inflation accelerated for the third straight month in Nov ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

South Africa's Manufacturing Production Rebounds In October

12/12/2017 - 06:13 AM (RTTNews)
(RTTNews) - South Africa's manufacturing production increased at a faster-than-expected pace i ...Full Story>>

German Economic Sentiment Weakens In December

12/12/2017 - 05:35 AM (RTTNews)
(RTTNews) - Germany's economic sentiment weakened in December, survey data from the Mannheim-b ...Full Story>>

Malta Industrial Production Declines In October

12/12/2017 - 05:16 AM (RTTNews)
(RTTNews) - Malta's industrial production declined in October, after rising in the previous tw ...Full Story>>

UK Inflation Highest Since 2012

12/12/2017 - 04:54 AM (RTTNews)
(RTTNews) - UK inflation accelerated to a more than five year high in November, data from the Offi ...Full Story>>

UK House Price Inflation Eases For Second Month

12/12/2017 - 04:49 AM (RTTNews)
(RTTNews) - British house price inflation eased for the second straight month in October, figures ...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.