Shares of four Colombian companies, Grupo Aval, Avianca, Nutresa and Ecopetrol, bucked the downward trend of the national stock market, financial publication Portafolio reported Friday.
Demand for shares in these enterprises outstripped supply indicating Colombians are willing to make long-term investments. This is despite the general index of shares of 38 Colombian companies falling by 15% during the course of 2011. This drop erased half of what had been earned in 2010.
Between July 1 and August 18, the general index fell by 7.24% with the only Fabricato shares appreciating during this period. In recent weeks, falls in the index were more pronounced.
In recent months, the presence of foreign companies listed on the Colombian stock market means the country is increasingly exposed to the effects of financial instability abroad; resulting from fear of a slowdown in the global economy.
