Colombia's benchmark index rose wednesday, tracking gains in the U.S. stock market, while the peso strengthened sharply against the dollar.
The Colcap index, the benchmark for Colombia's blue chip stocks, rose 0.76% to 1673.34 points.
The index is up 6.48% so far this year.
The gains tracked a global rally in equities spurred by comments from European Central Bank President Mario Draghi that markets were underestimating political leaders' commitment to addressing the euro crisis.
In the Bogotá bourse, the most-heavily traded share was that of state-run oil firm Ecopetrol SA (EC, Ecopetrol.Bo).
The oil company's shares rose 0.19% to Cop5,260.
The preferential shares of Bancolombia, Colombia's largest lender, rose 1.94% to Cop27,320.
The company's shares were upgraded to "buy" from "hold" by Interbolsa SA, a Colombian brokerage.
The upgrade is the result of "better perspective in net interest income growth and the improvement in efficiency ratio," Interbolsa said.
The Colombian peso, meanwhile, strengthened to Cop1,781.44 from Cop1,792.00 a day earlier.
It was the strongest closing level for the peso since May 15.
The yield on Colombia's peso-denominated bond due July 2.024 closed at 7.112% after ending the previous session at 7.076%.
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