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Colombian stocks surged Wednesday, fueled by gains in oil and financial shares, while the peso strengthened against the dollar.
The IGBC index, the benchmark for Colombian stocks, rose 2.06% to 14342.06 units. The gains were led by oil firm Pacific Rubiales Energy Corp. (PRE.T, PREC-BOG), which rose 3.3% to close at COP54,180.00.
The shares of Bancolombia SA, Colombia’s largest bank, also rose 1.8% to COP28,300.
The peso, meanwhile, strengthened against the dollar and closed at COP1,782.10 from COP1,788.00 a day earlier. The yield on the benchmark, peso-denominated 2020 bond stood at 8.192% from 8.195% a day earlier.
