Colombia's COLCAP fell 1.93% to 2,347 on June 23 in a second day of post-election profit-taking, but the peso firmed to a multi-year high.
Key Facts
The COLCAP fell 1.93% to 2,347 on June 23 — a second straight drop extending the post-election unwind.
The peso strengthened to a multi-year high — the session’s key tell that money is not leaving Colombia.
This was profit-taking, not flight — froth from June’s record run came off while foreign demand held.
The energy heavyweight led the give-back — the same stock that powered the rally up weighed on it.
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