Colombia’s Colcap index ended a 5 day slide Wednesday by adding 0.81% on volume of COP$169.7 billion.
Bancolombia and Cementos Argos led the rally as they each had strong days with gains of 5.50% and 4.37%, respectively. ETB turned negative on the year after taking an 11.66% beating today.
Helm Bank announced another issuance of debt with a tentative date set for August 3rd. COP$200 to COP$300 billion will be issued.
The peso closed stronger today as it edges toward recent highs. It finished the session at 1,757.30.
Author Michael Sutton is head of International Trading at Bolsa y Renta.