Colombian stocks rose Thursday, ending a four day streak of losses, while the peso continued to weaken against the dollar.
The Colcap index, the benchmark for Colombia’s largest publicly traded firms, rose 0.91%, to 1609.71 points. The index has dropped 11.73% so far this year.
Among the top gainers Thursday was Fabricato, Colombia’s largest producer of textiles and a major exporter to the U.S. Fabricato gained 3.57%, to COP72.50. Its shares are higher this year on a U.S.-Colombia trade agreement, which was approved Oct. 12 by lawmakers in Washington.
Pacific Rubiales Energy, a Toronto-based oil firm that ranks as the top independent crude producer in Colombia, rose 4.77%, to COP43,480.
Canacol Energy, an oil firm based also based in Canada, climbed 5.74%, to COP1,290.
The Colombian peso, meanwhile, weakened against the greenback and closed at COP1,910.5 to the dollar from COP1,906.5 a day earlier, according to central bank data. This is the fifth consecutive session that sees the peso retreat against the dollar.
The yield on Colombia’s peso-denominated bond due July 2024 closed at 7.455% after opening at 7.445%.
