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
  • About us
  • Support us
  • Contact Us
  • Newsletter
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

Colombia market update – August 19

by Michael Sutton August 20, 2011

Colombia markets

The markets on Friday had a standard day, again, as the markets in the US shed roughly 1.5% whereas Colombia’s Colcap index lost 0.52% on below average volume of COP$149.3 billion.

Though the majority of names were flat or down, a positive day for Ecopetrol who gained 0.42% helped pare the losses. AviancaTaca and Bancolombia suffered losses of 3.76% and 3.33%, respectively. AviancaTaca has fallen roughly 20% since its IPO several months ago despite showing strong growth in their business.

Manufacturing production in June picked up 2.2% over the same period last year, non-metallic industry and sugar refining led the way with gains of 18.7% and 26.1%, respectively.

June sales for retailers increased 11.9% as items for the home (42.3%) and automobiles (27.0%) have been sharply higher all year. Sales over the past 12 months have increased 15%, and 8.6% ex-autos showing both the strength of the consumer, but also a growing middle class.

The Peso backed up again today and closed at 1,783.00.

Colombia markets

economy

Trending

  • Medellin hospitals on brink of collapse amid COVID-19 surge

  • Colombia’s prosecution opens investigation against opposition presidential candidate

  • Bogota announces weekend lockdown, tougher mobility restrictions

Related articles

  • Foreign investment

  • Poverty and inequality

  • Colombia’s top bankers could face 4 years in prison, but evidence of tax evasion ignored

  • Facebook
  • Twitter
  • Linkedin
  • RSS

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


Back To Top