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The Colcap increased 0.33% Wednesday led by strong performances from Gruposura and Bancolombia, up 1.80% and 1.37%, respectively.
Fabricato, although not a strong factor in the index, again led the markets with a gain of 5.93% on strong volume of COP$23 billion. YTD, Fabricato was up more than 132%.
Existing housing mortgages increased 1.2% in the 1st quarter of this year to 792,600 according to DANE.
Yields on the reference July 2024 TES continue to tighten from nearly 8.20% a couple weeks ago to a close of 7.88% today.
The Peso finally eased a bit and closed the day at 1,774.95.
Author Michael Sutton is head of International Trading at Bolsa y Renta.
