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Economy

Colombian stocks rise, led by Canacol; Peso strengthens

by Adriaan Alsema January 2, 2012

Colombia stocks

Colombian stocks rose Monday amid outsized gains in shares of Canada-based Canacol Energy Ltd., while the Colombian peso strengthened for a second straight session.

The Colcap index, the Colombian Stock Exchange’s benchmark, rose 0.39% to end at 1,577.71 points. The index fell 14% in 2011.

Shares of Canacol rose 5.6% to COP1,410, adding to similar gains seen in the previous trading session. The company last week said it drilled another well in its largest-producing Rancho Hermoso field.

Meanwhile, the Colombian peso closed stronger at COP1,929.35 to the dollar from COP1,938.38 a day earlier.

The yield on Colombia’s peso-denominated bond due July 2024 closed at 7.610%, after beginning the session at 7.590%.

Colombia pesoeconomystocks

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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
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