Despite global economic tensions caused by the euro crisis, Colombian stocks have been doing well this year, said the president of Colombia’s stock exchange Wednesday.
”Certainly the events that have happened since mid-May, particulary in Europe, are affecting the sentiments of investors around the world and Colombia is no exception. This has affected the value of some stocks,” Stock exchange president Juan Pablo Cordoba told radio station Caracol.
However, despite the global tensions, in Colombia “the evolution of the market has been very favorable.”
Colombia’s Colcap index that includes the 20 most liquid stocks listed in Colombia’s stock exchage has slid 8.1% since May 1, opposite to the Euro Stoxx 50 that has gone up 4.7%.