21.01.201816:42:00UTC+00COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume

Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points near to Friday's closing, due to the poor performance of companies' shares such as Ecopetrol, Bancolombia, and Sura.

Erika Baquero, an analyst at Alianza Valores, noted that the Colcap falls slightly for profit-taking by investors in the stocks with the highest weight of the index on the eve of its first rebalancing of the year, scheduled to January 31.

The shares of ?xito (+4.59%) and ETB (+1.36%) are rising, while Preferencial Bancolombia (-1.02%), Ecopetrol (-0,61%), and Sura (-0.36%) trade lower.

The locally traded U.S. dollar closed at 2,849.10 Colombian pesos, marking a 0.17% rise, due to the drop in oil prices abroad. Wilson Tovar, an analyst at Acciones & Valores, noted that the currency is picking up due to the fall of the commodity and after the U.S. Treasury bonds stabilized at maximum levels after a recent wave of sales before the temporary financing of the government expires and amid signs of recovery in inflation.