Colombia Stocks Rise Led By Top Companies; Peso Strengthens
05/07/2012| 05:35pm US/Eastern
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BOGOTA (Dow Jones) -- Colombian stocks climbed Monday, led by the country's largest oil company Ecopetrol (ECOPETROL.BO, EC) and its top lending institution, Bancolombia (BCOLOMBIA.BO, CIB).
The Colcap, an index of blue-chip stocks, rose 0.17% to end at 1,802.34 points.
Shares of Ecopetrol, one of the heaviest-traded shares on the Bogota bourse, rose 0.9% to COP5,650, while shares of Medellin-based bank Bancolombia rose 0.2% to COP29,300.
Meanwhile, the Colombian peso ended stronger at COP1,754.20 for a dollar, from COP1,757.55 a day earlier, according to Set-FX.
The yield on Colombia's peso-denominated bond due July 2024 closed at 7.034% after ending the previous session at 7.055%. The lower yields come after consumer price inflation for April, released Saturday, was 0.14%, which is below the 0.20% forecast by economists.
-By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com
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05-07-12 1734ET
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