Colombian stocks fall 18 percent so far this year

Stocks on Colombia’s stock exchange have lost 18% in value since the beginning of the year with energy companies and the country’s largest chain store leading the downward trend.

The Colcap index, which follows the 20 most liquid shares of the stock exchange, has dropped 18% mainly because of major losses by oil companies Pacific Rubiales, down 42.6%, and Ecopetrol, down 30.2%.





Source: Colombia Reports