Colombia’s blue-chip index declined modestly Wednesday due to a drop in the share price of state-controlled oil firm Ecopetrol SA and lender Bancolombia SA, while the peso weakened slightly against the dollar.
The Colcap index, the benchmark for Colombia’s most liquid shares, posted a 0.16% decline to end the session at 1602.73 points. The index is up 1.98% in January after losing 14% in 2011.
Ecopetrol SA (EC, ECOPETROL.BO), the state-run oil firm, was among the most heavily traded shares in the session. The company posted a 0.22% decline to close at COP4,560.
Bancolombia SA (CIB, BCOLOMBIA.BO), Colombia’s largest bank, posted a 0.30% drop to COP26,320.
The peso, meanwhile, weakened slightly against the dollar to end the session at COP1,815.75 to the dollar from COP1,814.00 a day earlier.
The yield on Colombia’s peso-denominated bond due July 2024 closed at 7.280%, after beginning the session at 7.333%.