BOGOTA--Colombia's benchmark index rose Wednesday, lifted by gains in
oil and retail shares, while the peso was nearly unchanged against the
dollar.
The Cocalp index, which tracks Colombia's most liquid publicly traded
shares, rose 0.7% to end the session at 1666.08 points. The index is
up 6.02% so far this year.
Ecopetrol SA (EC, ECOPETROL.BO), the state-run oil firm, rose 0.8% to
COP5,010. Almacenes Exito (EXITO.BO), Colombia's largest retail chain,
rose 1.3% to COP30,400.
The Colombian peso, meanwhile, was nearly unchanged against the dollar
and closed at COP1,785.10 to the dollar from COP1,786.40 a day
earlier.
The yield on Colombia's peso-denominated bond due July 2024 finished
at 6.884% after ending the previous session at 6.913%.
Yields have dropping to record lows for the past two weeks on low
inflation expectations and the possibility the central bank may soon
cut interest rates to deal with a slowing economy.
Write to Darcy Crowe at darcy.crowe@dowjones.com
(END) Dow Jones Newswires
July 11, 2012 18:42 ET (22:42 GMT)
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