Colombia’s benchmark blue-chip index fell Thursday, pushed lower by a decline in the shares of state-run oil firm Ecopetrol SA, while the peso weakened slightly against the dollar.
The Colcap index fell 0.44% Thursday to 1606.49 points. The index is up 2.2% in January after retreating 14% in 2011.
Ecopetrol’s shares were the most heavily traded during Thursday’s session. Ecopetrol declined 1.19% to COP4,550.
Other oil shares, which have a dominant weighing on the Colcap, fared better. Pacific Rubiales Energy, Colombia’s largest independent crude producer, rose 0.47% to COP42,400.
Shares of AviancaTaca, which controls Colombia’s flagship airline Avianca, climbed 7.25% to COP3,700.
The Colombian peso, meanwhile, weakened slightly against the greenback to close at COP1,826.50 to the dollar from COP1,822.80 a day earlier.
The yield on Colombia’s peso-denominated bond due July 2024 closed at 7.406%, after beginning the session at 7.360%.