Colombian 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.
Since you’re here …
… we have a small favour to ask. More people are reading the Today Colombia than ever but advertising revenues across the media are falling fast. And unlike many news organizations, we haven’t put up a paywall – we want to keep our site as open as we can. So you can see why we need to ask for your help. Updating reports on Today Colombia takes a lot of time, money and hard work. But we do it because we believe our reports matter. If everyone who reads Today Colombia, who likes it, helps to support it by clicking our ads, our future would be much more secure. Do you part, click on an ad today.
"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!