Key Facts
The COLCAP, Colombia’s main stock index, climbed 1.64% to close at 2,342.44 on Thursday extending a positive session driven by heavyweight energy and financial shares.
The Colombian peso firmed 0.33% to 3,201 per US dollar continuing to trade well below its 52-week high of 3,864 as oil revenues support the currency.
The session mirrored a buoyant day on Wall Street, where the S&P 500 advanced 1.66% creating a supportive global backdrop that encouraged buying across risk assets in Latin America.
Oil, Colombia’s dominant export and a crucial anchor for the bourse, remained elevated keeping state-controlled oil major Ecopetrol firmly in focus as a driver of index gains.
