BOGOTA--Colombian stocks fell Tuesday as heavily traded oil shares
declined in line with a 2% drop in global prices for a barrel of oil.
The Colcap index, the benchmark for the Colombian Stock Exchange, fell
0.55% to end at 1,673.87 points.
Shares of Pacific Rubiales (PRE.T, PREC.BO), the Toronto-based firm
that operates Colombia's largest oil field, fell 2.5% to COP40,260.
Meanwhile, the Colombian peso closed at COP1,792.10 for a dollar,
slightly weaker than COP1,790.90 in the previous session.
The yield on Colombia's peso-denominated bond due July 2024 closed at
6.661% after opening the session at 6.684%. Yields continue to decline
after Colombia's central bank reduced its main interest rate Friday by
25 basis points to 5.0% amid signs of a slowing economy.
Write to Dan Molinski at dan.molinski@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
July 31, 2012 18:05 ET (22:05 GMT)
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