2012.05.04 22:37:57 Colombia Stocks Decline On Oil Shares; Peso Weakens Slightly

BOGOTA (Dow Jones)--Colombian stocks tumbled Friday as shares of national oil company Ecopetrol (ECOPETROL.BO, EC) fell sharply from a record high reached the previous session. The Colcap, which is the Colombian Stock Exchange's benchmark index, declined 0.71% to end at 1,799.25 points. Shares of Ecopetrol, one of the heaviest-traded shares on the Bogota bourse, fell 4.3% to COP5,600 as crude oil prices on global markets declined 4%. Shares of Pacific Rubiales (PRE.T, PREC.BO), Colombia's top private oil producer, fell 1.5% to COP50,440. Meanwhile, the Colombian peso ended at COP1,757.55 for a dollar, slightly weaker from COP1,756.55 a day earlier, according to Set-FX. The yield on Colombia's peso-denominated bond due July 2024 closed at 7.055% after beginning the session at 7.038%. -By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com (END) Dow Jones Newswires May 04, 2012 16:37 ET (20:37 GMT)