Colombia’s Colcap index dropped a second day in a row to the tune of 0.45%, on the heels of volatile markets around the world. Volume reached COP$162.7 billion as Petrominerales, a Canadian based oil exploration firm traded for the first time on the BVC with a volume of COP22.5 billion.
Helm Bank and Colinversiones were the leaders in the market today, the former following a successful bond issuance today.
Coltejer announced 2Q earnings today that showed revenues increasing by 40% in the first half over the same period last year, and more dramatically that
exports rose 136% despite the strong Peso. Export sales still only make up 27.6% of sales. EBITDA registered COP$7.5 billion in the first half versus a loss of COP$2.3 billion over the same period last year.
The peso closed nearly unchanged at 1,771.25.