FOREX TradingCharts.com

Financial News: COLOMBIA: Colcap Trades Slightly Lower On The Eve

COLOMBIA: Colcap Trades Slightly Lower On The Eve Of Index Rebalancing

01/28/2018 - 15:22:00 (RTTNews)

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.10% near the end of Friday's session to 1,587.21 points on the eve of the index re-balancing, which will take place on January 31.

Ramses Pestanapalmett, an analyst at Ultraserfinco, noted that the Colcap's decline reflects the underperformance of Suramericana's shares.

The board of directors of Suramericana approved the commitment to merge Grupo SURA and its foreign subsidiaries, Grupoura Finance and Grupo de Inversiones Suramericana Panamá.

The shares of Conconcreto (+1.50%), Avianca (+1.22%), Preferencial Bancolombia (+0.99%), Davivienda (+0.69%), Bancolombia (+0.50%), and Ecopetrol (+0.36%) are rising, while Canacol (-1.28%), Sura (-0.77%), and Grupo Aval (-0.76%) trade lower.

The locally traded U.S. dollar closed at 2,814.00 Colombian pesos, marking a 0.86% rise, after statements by U.S. President Donald Trump in which he said he wanted a strong currency.

Wilson Tovar, an analyst at Acciones & Valores, said that while Trump's comments were in line with the strengthening of the economy, the currency remains weak as concerns over U.S. trade policy keep investors cautious.

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


Portugal Inflation Slows For Second Month (27 min(s), 04 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story»

Latvia Inflation At 14-Month Low (15 min(s), 04 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story»

OECD Unemployment Rate Falls In December (14 min(s), 04 sec(s) ago)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story»

China's Bank Lending At Record High (45 min(s), 04 sec(s) ago)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story»

UK January Household Spending Fall First In 5 Years: Visa Survey (10 min(s), 04 sec(s) ago)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story»

Swiss Inflation Slows In January (23 min(s), 04 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation slowed in January, data from the Federal St ...Full Story»

Singapore Visitor Arrivals, Tourism Receipts Hit Record Highs In 2017 (12 min(s), 04 sec(s) ago)
(RTTNews) - Singapore's both tourism receipts and visitor arrivals attained record highs for t ...Full Story»

Romania Industrial Production Grows Sharply In December (36 min(s), 56 sec(s) ago)
(RTTNews) - Romania's industrial production expanded markedly at the end of the year, mainly d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Slows For Second Month

02/12/2018 - 06:39 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story>>

Latvia Inflation At 14-Month Low

02/12/2018 - 06:27 AM (RTTNews)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story>>

OECD Unemployment Rate Falls In December

02/12/2018 - 06:26 AM (RTTNews)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story>>

China's Bank Lending At Record High

02/12/2018 - 05:57 AM (RTTNews)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story>>

UK January Household Spending Fall First In 5 Years: Visa Survey

02/12/2018 - 04:22 AM (RTTNews)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...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.