Colombian stocks inched higher Tuesday, led by shares of state-run oil firm Ecopetrol SA, while the peso weakened slightly against the dollar.
The Colcap index, the benchmark for Colombia’s largest publicly-traded firms, rose 0.42% to 1606.91 points. Among the most heavily traded stocks, Ecopetrol rose 1.2% to COP4,075.
Shares of Fabricato, Colombia’s largest producer of textiles and a major exporter to the U.S., gained 3.6%, to COP72.50. Its shares have climbed on a U.S.-Colombia trade agreement, which was approved Oct. 12 by lawmakers in Washington.
The Colombian peso, meanwhile, weakened against the U.S. dollar and closed at COP1,911 to the dollar from COP1,910.5 a day earlier, according to central bank data.
The yield on the benchmark, peso-denominated bond due in 2024 closed at 7.501% after opening at 7.459%.