COLOMBIA: Colcap Falls 0.16% As Loan Delinquency Data Weigh On Bank Stocks

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, was down 0.16% shortly before the closing Monday, trading at 1,447.31 points due to the poor performance of financial shares.

Marcela Ramirez, an analyst at Acciones & Valores, noted that the financial stocks lost ground after a report issued by the Financial Superintendence of Colombia indicating an increase in loan deliquency levels of banking entities.

Meanwhile, ISA rises after announcing that it intends to raise up to 500 billion Colombian pesos in a local bond emission.

The shares of Celsia (+1.94%), Ecopetrol (+1.42%), ETB (+0.99%), and ISA (+0.74%) are rising, while Cemargos (-2.06%), Avianca (-1.91%), Davivienda (-1.52%), Cemex (-1.43%), Canacol (-0.82%), Preferencial Bancolombia (-0.81%), Cemargos (-0.56%), and Bancolombia (-0.35%) are falling.

The locally traded U.S. dollar closed at 3,005.00 Colombian pesos, marking a 0.74% rise, due to the tax reform in the United States and the fall in oil prices abroad, said Daniel Escobar, an analyst at Global Securities.