17.08.201718:46:00UTC+00COLOMBIA: Colcap Rises 0.16% Amid Mixed Panel

Colcap, the main index of the Colombian Stock Exchange, rose 0.16% Friday, closing at 1,470.69 points amid high trading volume and a mixed panel.

David Santos, an analyst at Compass Group, said that the drop in liquid stocks such as Bancolombia Preferencial offset the good performance of the shares that closed the day in the positive side, such as Grupo Sura and Ecopetrol.

Ecopetrol's shares closed higher after its board of directors accepted the resignation of the current chairman, Juan Carlos Echeverry, for family reasons. Felipe Bay?n Pardo, the current executive vice president was appointed to replace him.

The shares of Grupo Aval (+1.95%), Cemargos (+1.72%), Conconcreto (+1.48%), Banco de Bogot? (+1.42%) and EEB (+1.28%), while ISA (-1.18%), Bancolombia Preferencial (-1.04%), Davivienda (-1.00%) and ETB (-0.73%).

The locally traded US dollar closed at 2,991.90 Colombian pesos, marking an increase of 0.71%, after the European Central Bank (ECB) release its minutes. Agust?n Vera, an analyst at Global Securities, said that the dollar rebounded after the ECB showed concern about the strengthening of the currency.