The Colcap index improved slightly after the long weekend with a gain of 0.07%. Volume was below average at COP$110.4 billion, but still above that seen last Friday.
Fabricato led the way as it shot up 3.28%, year to date it¡¦s up 134.20%. Despite a strong performance in oil prices today, Canacol fell 3.51%, and the other major oil producers Ecopetrol and Pacific Rubiales edged down 0.26% and 0.21%, respectively.
Ecopetrol reported production on June 23rd set the record for the highest in a single day at 753,440 barrels of oil equivalent. Production in the 1st quarter of 2011 averaged 686,200bpd.
The peso appreciated relatively strongly to the dollar as it closed at 1,782.35.
Author Michael Sutton is head of International Trading at Bolsa y Renta.