The Colombian Stock Exchange Rising Due to Oil Prices



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The performance of the 20 most traded and liquid stocks in Colombia, as evidenced by the Colcap index of the Colombian Stock Exchange (BVC), led the stock market indicators of the American continent this year. [19659002] This is evidenced by the brokerage firm Casa de Bolsa, which places Colcap with a 4.2% change in the first half of this 2018, followed by US indices (S & P 500), which have increased by 1.7% and Canada (SPTSX Index) with 0.4% (see chart)

Compared with Pacific Alliance partners, Colcap's momentum is better, as the indicators for Mexico, Peru and Chile had negative performances; and facing those of other major South American economies such as Brazil and Argentina are also favorable since these countries have seen declines of 4.8% and 13.4%, respectively.

"The rise in the price of oil has helped a lot in that the Colombian stock market is doing better than the rest of Latin America." After the election result, the political uncertainty disappears and it is also favorable, "he told EL COLOMBIANO Ómar Suárez Renta Variable Manager of Casa de Bolsa

The Sixth Month [19659003] The badyst mentioned that in June, coinciding with the celebration of the World Cup in Russia, there was a reduction in volumes traded on the stock exchange.

He pointed out that last month, pension and separation administrators were the main buyers of shares with 229 billion pesos, the favored part of Bancolombia being the one with the most interest.

In turn, foreign investors positioned themselves as the leading sellers of stocks for the second consecutive month. 75% of these disposals, which totaled 26,384 million pesos

Moreover, the favoritism of natural persons was evident (Colombian investors bones) for the shares of Grupo Éxito, Grupo de Energia de Bogotá and Avianca

The economic investigators Commissioner Alianza's company recalled that in June the stock markets felt the tension of imposing US tariffs on China, the Euro Zone and Mexico.

"Despite the decline in the volume of CVB trade in June, Colcap performed well by adding a valuation of 1.09%, marked by the financial sector in which the Davivienda privilege shares and Ordinary Bancolombia were the ones with higher valuation, "they explained.

Maintaining Leadership

For Carlos Enrique Rodríguez Ultraserfinco Analyst, Dynamism in the International Oil Prices have Boosted the Colombian Economy Since the Second Half from last year.

"When you look at stocks that had a 4.2% higher appreciation of Colcap between January and June, we find that Ecopetrol showed a variation of 33.8%, explained by the price that the Gross has reached and by the efficiency that the company has achieved, "he said.

Against a backdrop of pricing according to badysts, during the second half, the Stock market behavior is expected to continue to appreciate, as will the first six months of the year (see What's Next?).

Suárez added that it will be necessary to monitor the financial results that large companies such as Grupo Nutresa (due to the increase in household consumption) will report in the coming quarters, or Celsia and Grupo de Energía de Bogotá (which could benefit from tank level conditions) of production.)

Yesterday, the Ecopetrol stock was valued at 2.21%, or opening the day to 2,935 pesos and closing at 3,000. This behavior occurred after Friday, the insurer, Fasecolda, raised the possibility that the state has sold 88.5% of shares that he owns in the oil company.

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