Colombian stocks fall as state-run utilities retreat; peso gains

Colombian stocks fell Tuesday led by declines in state-controlled utility firms.

The IGBC index, considered the benchmark for Colombia, posted a 0.34% decline to close at 15027.20.

Shares of state-run telecom Empresa de Telecomunicaciones de Bogota SA (ETB.BO) fell 3.86% to COP597.00, while government-controlled electricity grid operator Interconexion Electrica SA, or ISA (ISA.BO), saw its shares fall 0.30% to COP13,160.

The Colombian peso gained against the greenback, closing at COP1,852.50 to the dollar compared with COP1,866.75 a day earlier.

The yield on the benchmark 2020, peso-denominated bond known as TES, stood at 8.023%, up from 7.939% Monday.

(Dan Molinski / Dow Jones)

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