The Colombian market was relatively quiet Monday as the Colcap index increased 0.20% on light volume of COP$115.8 billion. A pair of Canadian oil companies, Canacol (3.48%) and Pacific Rubiales (2.04%), had strong days on the back of rebounding oil prices, however Petrominerales suffered sharp losses of 3.69%.
The President of ETB resigned late last Friday following the Board’s decision in recent months to not allow the public utility to be sold. A replacement hasn’t been named yet.
Economic information is limited until later this week when DANE will report on quarterly urban transportation and regional manufacturing figures.
The Peso inched stronger today as it closed at 1,780.00 on volume slightly over COP$1 trillion.