Colcap, the main index of the Colombian Stock Exchange, was up 0.34% near to the closing Thursday at 1,486.56 points due to good performance from the financials. Canacol climbs 3.59% after announcing its investments for 2018.
Erika Baquero, an analyst at Alianza Valores, noted that the Colcap (+3.39%) is benefited by financial stocks. Baquero highlighted the Canacol’s rebound after announcing its 2018 corporate plan. Canacol announced that in 2018 its capital budget would be US$ 80 million.
Besides Canacol, the shares of ETB (+2.19%), Banco de Bogot? (+1.49%), Cemargos (+1.13%), Grupo Aval (+0.78%), Davivienda (+0.68%), Nutresa (+0.66%), and Preferencial Bancolombia (+0.47%) also trade higher.
The locally traded U.S. dollar closed at 2,966.20 Colombian pesos, marking a 0.32% rise, after the release of the Gross Domestic Product (GDP) of the United States. Wilson Tovar, an analyst at Acciones & Valores, noted that the currency was influenced by the US Department of Commerce, that revealed that third-quarter GDP in the United States rose 3.2% on an annual basis.
The material has been provided by InstaForex Company – www.instaforex.com
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