Colombia market update – July 13

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.

 

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