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%.