Colombia’s Colcap index added 0.38% led by strong days from Bancolombia and Cementos Argos on slightly below average volume of COP154.4 billion.
Petrominerales led the market with a gain of 4.25% after announcing this morning their production which had been halted by civil unrest in the areas where they operate, will be at full production again within 2-3 days. No information was received on any proposals that ended the blockades, but the company mentioned a future timetable to continue discussions.
The ICOLCAP ETF introduced only months ago by American fund manager Blackrock, will begin trading in ½ peso increments beginning September 19th. The country’s first ETF has taken off since its launch only months ago and now has over US$750 million assets under management.
The dollar pushed back again today as the peso dropped to 1,826.50.