Colombian stocks closed higher Tuesday, led for a second session by a sharp rise in the country's largest textile maker Fabricato SA (FABRICATO.BO).
The Colcap index, which has become the market's benchmark index, rose 0.53% to close at 1716.02 points.
Shares of Fabricato rose 5.30% to COP69.50 as lawmakers in Washington continue to debate whether to move forward with long-delayed plans for a free trade agreement between the U.S. and Colombia.
Colombia's peso, meanwhile, weakened Tuesday following a three day weekend, closing at COP1,770.10 for $1 from COP1,762.50 on Friday.
Monday was a religious holiday in Colombia.
The yield on the Colombian government's benchmark, 2020 peso denominated bond closed at 7.715% tuesday from 7.680% at the end of the previous trading session.
The Colcap index, which has become the market's benchmark index, rose 0.53% to close at 1716.02 points.
Shares of Fabricato rose 5.30% to COP69.50 as lawmakers in Washington continue to debate whether to move forward with long-delayed plans for a free trade agreement between the U.S. and Colombia.
Colombia's peso, meanwhile, weakened Tuesday following a three day weekend, closing at COP1,770.10 for $1 from COP1,762.50 on Friday.
Monday was a religious holiday in Colombia.
The yield on the Colombian government's benchmark, 2020 peso denominated bond closed at 7.715% tuesday from 7.680% at the end of the previous trading session.
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