The Colcap index rose moderately, 0.33%, Monday after a rough start early on. Volume was extremely light as only COP$83.3 billion was traded, or nearly half of average daily volume this year.
Grupo Aval (1.98%) and Ecopetrol (1.54%) performed well helping lead the index higher, while Canacol again found itself sliding with a loss of 1.76%.
Fabricato announced today a plan to modernize their plants in Bello, it will be a US$30 million investment over the course of 18 months. It will be financed in part by a COP$22 billion loan from Colpatria.
The peso closed slightly stronger today to 1,757.50.
Author Michael Sutton is head of International Trading at Bolsa y Renta.