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Wednesday, November 21, 2012

Stocks slip led by Pacific Rubiales; peso gains


Colombian stocks fell slightly tuesday led by a decline in heavily traded shares of Canadá based oil company Pacific Rubiales (PRE.T), while the peso strengthened modestly versus the dollar.

The Colcap index, a benchmark for the Colombian Stock Exchange, declined 0.03% to end at 1,743.33 points.

Shares of Pacific Rubiales, which operates Colombia's largest-producing oil field, fell 0.6% to COP39,520.

Meanwhile, the Colombian peso gained, ending at COP1,815.95 for a dollar from COP1,818.50 the previous day.

The yield on Colombia's peso denominated bond due July 2.024 closed at 6.160% from 6.195% a day earlier.

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