Colombia market update – June 2, 2011

The Colcap index finished relatively flat Thursday, down 0.05% on average volume of COP$166 billion. Fabricato and AviancaTaca led the market with advances of 2.59% and 1.32%, respectively.

State statistics agency DANE reported construction employment was up briskly in 1Q2011, as expected based on the significant y/y increase in building permits earlier this year. 346,000 more workers were employed in construction during the 1st quarter than were employed one year earlier, the most significant increases coming in Monteria, Bogota and Cartagena.

The Peso continues to appreciate as it moved back toward its recent highs closing today at 1,784.10.

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