Markets around the globe increased sharply Tuesday, and the Colombian market fell in line as the Colcap index jumped 1.86% on volume of COP170.3 billion.
Petrominerales topped all names as they gained 9.57% following a rough entrance to the Colombian market. All listed oil companies as well as financials enjoyed a strong day with each in positive territory.
Car sales increased 44.41% year over year in the month of July as over 186,000 units were sold. Retail sales have been strong in Colombia throughout 2011, though autos have shown increases well into the double digits every month.
The peso weakened to the dollar by the tune of 0.51% to close at 1,789.00.