empty
 
 

2018.02.2115:25:00UTC+00COLOMBIA: Colcap Shows Volatility As Avianca Climbs More Than 10%

Colcap, the main index of the Colombian Stock Exchange, traded near stability in the last minutes of Wednesday's session at 1,515.77 points, after experiencing extreme volatility during the session.

Shares of Avianca and Bancolombia rose and counterbalanced the low performance of Ecopetrol and Sura.

Ramses Pestanapalmett, an analyst at Ultraserfinco, said that Avianca was rising more than 10%, influenced by the change of recommendation made by JP Morgan from 'neutral' to 'overweight.'

Meanwhile, the locally traded U.S. dollar closed at 2,862.00 Colombian pesos, marking a 0.91% rise. Wilson Tovar, an analyst at Acciones & Valores, said that the greenback is strengthened by higher issuances of U.S. debt securities.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback