Petro’s reveals strategy to change Colombia’s socio-economic model
How Colombia’s judicial reform seeks to solve prison...
Colombia’s chief prosecutor says paramilitaries kidnapped, interrogated investigators
Colombia’s war crimes tribunal to press criminal charges...
Colombia jails US citizen on femicide charges
Colombia preparing tropical paradise for tourism after 500...
Hacktivists leak 178,000 documents from Colombia’s military
Colombia sentenced for exterminating political party
Colombia’s capital Bogota awarded for failing crime policy
OAS urges Colombia to release people arrested over...
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Colcap index rises on Ecopetrol; Peso weakens

by Adriaan Alsema February 23, 2012
1.1k

Colombia stocks

Colombian stocks inched higher Wednesday, driven by gains in state-run energy firm Ecopetrol SA (EC, ECOPETROL.BO), while the peso weakened slightly against the dollar.

The Colcap index, the benchmark for Colombia’s most liquid publicly-traded companies, rose 0.18% to end the session at 1703.29. The Colcap index has surged 8.38% since the start of the year.

Ecopetrol SA was among the most heavily traded share in the session. The company posted a 0.71% gain to close at COP4,950 per share. Canacol Energy (CANACOL.BO), a Calgary, Alberta oil firm, rose 7.23% to close at COP1,780.

Almacenes Extio (EXITO.BO), Colombia’s largest retail chain, declined 1.42% to COP24,960. The company posted a net profit of 389.5 billion Colombian pesos ($219 million) last year, a 53% increase from 2010.

Exito, which is controlled by Casino Guichard-Perrachon SA (CO.FR), is the market leader in Colombia with a share of more than 40% of the formal retail market. Last year it issued shares for COP2.5 trillion in the local stock exchange to help fund the purchase of Casino’s operations in Uruguay.

The Colombian peso, meanwhile, retreated slightly against the greenback and closed at COP1,782.00 to the dollar from COP1,779.85 a day earlier. The yield on Colombia’s peso-denominated bond due July 2024 closed at 7.380%, after beginning the session at 7.419%.

Colombia pesoeconomystocks

Trending

  • Colombia jails US citizen on femicide charges

  • Colombia’s war crimes tribunal to press criminal charges over failed plot to extradite former FARC chief

  • Petro’s reveals strategy to change Colombia’s socio-economic model

For patrons

Downloads for patrons

Related articles

  • Colombia’s GDP and GNI

  • Inflation

  • Colombia’s peso could end up losing 25% against US dollar in 2022

  • Twitter
  • Email
  • Rss

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion