(Agencia CMA Latam) - Colcap, the main index of the Colombian Stock Exchange, rose 0.14%, to 1,492.09 points, due to increased appetite for emerging markets assets. Andr?s Fonseca, an analyst at Alianza Valores, said that a benchmark emerging markets index yesterday broke a significant technical level, boosting demand for shares in markets such as Colombia.
Ecopetrol's shares closed higher after its board of directors approved the establishment of a subsidiary in Mexico. The company recently won publics tender to explore and extract oil and gas in that country.
Meanwhile, ISA's shares closed steady after Colombia's Energy Mining Planning Unit awarded the company the design, construction, operation and maintenance of two power transmission lines in the country's northern region.
The shares of Cemargos (+1.53%), Grupo Aval (+1.16%), Banco de Bogot? (+1.12%), Corficolombiana (+0.71%) and Avianca (+0.55%) posted gains, while ETB (-1.53%), Davivienda (-1.46%) and Canacol (-0.57%) closed down.
Meanwhile, the locally traded US dollar closed at 3,046.80 Colombian pesos, falling slightly (-0.04%), due to a market correction and also to the rise in oil prices abroad.
For comments and feedback: editorial@rttnews.com