The action of the Bancolombia group should be adjusted at the next rebalancing

The rebalancing of the Colcap index will come into effect on August 1, of which the preliminary basket will be published on Tuesday July 24 and his final basket will be known eight days later.

Casa de Bolsa, a brokerage firm, reported on the composition of Colcap's preliminary basket for the third quarter of 2018, with Bancolombia's shares being the major players above the 20% maximum allowed, which needs to be adjusted . In this regard, the Commissioner noted that "the main sales flows are rampant for amounts of $ 12,000 million from the ordinary and $ 24,000 million from the preferential", referring to the securities of the company. ;entity.
For the above, Casa de Bolsa projects these have a negative variation of their participation of 0.26% for ordinary cash and 0.56% for the preferential stock.

"The other shares of the index increase their position, where the main cash flow can be highlighted.Buy within the trading days at Banco de Bogotá and Grupo Aval for 2.5 and 1.3 days respectively, "the report said, which also shows that the action of Banco de Bogotá would be the one that would have the greatest variation in its Colcap share increased by 0.04%, followed by that of Grupo Downstream with a variation of 0.01%; while the third, which would be Conconcreto.

The company pointed out that the results of the second stage of the democratization of the shares Grupo Energía Bogotá (GEB) would have an impact in October and would not enter this rebalancing. In their report, they say it would "give them greater participation in the Colcap index as a percentage of total float supply," but "these adjustments would enter the rebalancing basket of the fourth quarter of the year that would be achieved in October 2018. "

Analysts estimate the GEB's purchase flows for this event between $ 42,000 million and $ 127 billion.