Key Facts
The COLCAP, Colombia’s main stock index, added 0.94% to close at 2,372 building on its recent recovery as local inflation unexpectedly slowed.
July inflation fell to 6.03% from June’s 6.14%, contrary to a Citi survey that had pencilled in 6.2%, easing pressure on household spending.
The Colombian peso firmed a fractional 0.08% to 3,156 per dollar, sitting just 1.1% above its 52-week low and 22% below its 52-week high, reflecting a long strengthening run.
Oil, Colombia’s top export and a powerful driver of the local market, held broadly steady with Brent crude trading near recent levels, anchoring energy shares.
