Colombia’s Colcap index dropped for the second day in a row on Friday. The index shed 0.17% bringing the total on the year to -6.23%. In dollar terms, the index is still slightly positive on the year.
Colombian brokerage firm Interbolsa and Ecopetrol faired the best as they increased 0.95% and 0.93%, respectively. However, the weight of Pacific Rubiales brought the index down as is dropped 2.03%.
Finance Minister Juan Carlos Echeverry discussed growth in Colombia following the positive numbers announced Thursday. He commented that GDP could reach 6% in 2011 as public works in the first quarter were negative but wouldn’t be for the rest of the year according to him.
The peso backed up to 1,796.20 today.