2017.07.1919:38:00UTC+00COLOMBIA: Colcap Drops 0.76% After Bancolombia Hit By Index Rebalancing

Colcap, the main index of the Colombian Stock Exchange, fell 0.76%, closing at 1,468.63 points Wednesday, due to the low performance of Bancolombia shares, amid news that the stock could have less influence on the Colcap after the index rebalancing.

Banco de Bogot?'s shares closed higher after S&P Global Ratings has confirmed its credit rating, despite keeping a negative outlook.

Banco de Bogot? (+2.38%), Avianca (+1.30%), Canacol (+1.14%), Grupo Aval (+0.77%), Ecopetrol (+0.72%) and Corficolombiana (+0.57%) posted gains, while Bancolombia (-3.06%), Bancolombia Preferencial (-2.37%) and Davivienda (-1.90%) recorded losses.

The locally traded US dollar closed at 3,003.20 Colombian pesos, a 0.39% fall, due to political uncertainty in the United States.

Colcap will remain closed Thursday due to celebrations of the Independence of Colombia.