Colombia’s main stock index ended little-changed Thursday as modest declines in oil stocks were offset by gains in shares of AviancaTaca Holding SA, Colombia’s flagship airline.
The Colcap index, considered the benchmark for the Colombian Stock Exchange, slipped 0.09% to end at 1,601.27 points.
AviancaTaca shares rose 0.7% to COP3,800 after the Colombian carrier and its Ecuadorian subsidiary AeroGal confirmed an order for 51 Airbus narrow-body A320 family jets. It is the largest single order yet in Latin America for the French commercial aircraft manufacturer.
Meanwhile, the Colombian peso closed at COP1,811.80 to the dollar, slightly stronger from COP1,815.75 a day earlier.
The peso began the session with huge gains that pushed it under COP1,800 intraday for the first time since early September. The rally was fueled by the Fed’s announcement Wednesday afternoon that suggested Fed interest-rate increases probably won’t happen before late 2014. As the day progressed, the peso retreated from those 20-week intra-day highs.
The yield on Colombia’s peso-denominated bond due July 2024 closed at 7.270%, after beginning the session at 7.242%.
