Colombia market update – August 30

Colombia’s Colcap index increased for the third straight session Tuesday as it rose 0.45% on solid volume of COP$189.1 billion. Cementos Argos and Bancolombia helped lead the index higher with gains of 2.01% and 2.65%, respectively.

AviancaTaca was up 1.22% today on news that passengers in July increased 17% year over year, and is up 19% since January. Over the past year available seat kilometers has risen 24% on domestic flights and 12% on international flights, while occupancy for domestic flights has remained near 80% and 85% on international legs.

The peso was relatively unchanged at 1,786.70.

Related posts

Colombia’s Senate agrees to begin decentralizing government

Colombia’s truckers agree to lift blockades after deal with government

Truckers shut down parts of Colombia over fuel price hikes