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Colombia Stocks Climb, Led by Bancolombia; Peso Weakens

bancolombia2Colombian stocks rose Wednesday, led by gains in Bancolombia (CIB), the country’s largest bank in terms of deposits.

The Colcap index, a benchmark for the Colombian Stock Exchange, gained 0.62% to end at 1,747.11 points.

Shares of Medellin-based Bancolombia, which trades in New York as well as Bogota, rose 0.8% to COP27,340.

Colombia’s peso ended weaker at COP1,890.10 for a dollar, from COP1,882.35 in the previous trading session. It has weakened each day this week.

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Written by Rico

Rico

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!