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Financial News: COLOMBIA: Stocks Fall Slightly Amid Predictable Election R

COLOMBIA: Stocks Fall Slightly Amid Predictable Election Results

05/28/2018 - 19:11:00 (RTTNews)

(RTTNews) - Colcap, the benchmark stock market index in Colombia, fell 0.13% to 1,370.05 points Monday, reacting to the results of the country's presidential election. Gustavo Petro, from the leftist party Democratic Center, and Ivan Duque, the political heir of former president Alvaro Uribe, will face each other in a second round dispute scheduled for June 17.

Erika Baquero, an analyst at Alianza Valores, said that the Colcap behavior was neutral and that the election results were in line with market expectations. That and a holiday in the United States helped the index to end almost unchanged.

The locally traded U.S. dollar, fell 0.27%, to 2,879.00 pesos.

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