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Colcap, the main index of the Colombian Stock Exchange, fell 0.03%, closing at 1,463.07 Friday due to the increased tensions between the United States and North Korea. During the week, the index recorded a 0.90% decrease.

Felipe Espitia, an analyst at Alianza Valores, said that emerging markets had been affected by the increased risk aversion due to the rising tensions between Washington and Pyongyang.

The shares of Bancolombia (+1.19%), EEB (+1.02%), Bancolombia Preferencial (+0.94%), Cemargos (+0.38%), Nutresa (+0.22%) and Celsia (+0.21%) rose, while Ecopetrol (-1.09%), Suramericana (-0.94%), ETB (-0.88%), Grupo Aval (-0.76%) and IS(-0.59%) fell.

The locally traded US dollar closed at 2,980.00 Colombian pesos, a 0.63% decrease after a lower-than-expected inflation in the United States increased the odds of lower interest rates for a longer time.

The material has been provided by InstaForex Company –

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