Colombian stocks declined for a fourth straight session, pushed lower by a drop in the stock price of oil company Pacific Rubiales Energy, while the peso extended its retreat against the dollar.
The Colcap index, the benchmark for Colombia’s largest publicly traded firms, fell 0.12% to end the day at 1595.2 points. The index is down 12.53% so far this year.
The decline Wednesday was led by Pacific Rubiales Energy, a Toronto-based oil firm that is Colombia’s largest private crude producer. The company’s share price declined 2.17% to 41,500 pesos ($21.96).
Ecopetrol SA, the state-run oil firm, rose 1.13% to 4,020.
The Colombian peso, meanwhile, weakened against the dollar and closed at COP1,906.5 to the dollar from COP1,891.5 a day earlier.
The yield on Colombia’s peso-denominated bond due July 2024 closed at 7.445%, after opening the session at 7.440%.