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Colombian banks gain more leverage on Colombian stock exchange | Finance | Economy

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Colombian banks gain more leverage on Colombian stock exchange | Finance | Economy

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With the launch of a new basket of stocks in the index Kolkap of Colombian Stock Exchange (BVC) In the third quarter of this year, preferred stocks and common stocks Columbia Bank As with other games, continue to earn percentage shares, and Eco gasoline He continued to reduce it.

Columbia Bank’s preferred stock participation rate in the third quarter was 19.19%, the same as the previous period Slightly higher than a year ago (19.05%), the share of general games was 11.53%, compared with 11.3% in the second quarter and 12.01% a year ago.

(Apart from: ANI and Invías tolls will not increase further in 2024).

Thus, the combined share of the two stocks of the country’s largest bank was 30.72%, compared with 30.5% of the previous basket in the second quarter of this year.

The presence of Colombian banks

in stock

arrive Jahnisi Cáceres, variable income specialist at brokerage Acciones y ValoresBVC third quarter new basketball “There are no significant changes to the positioning of issuers within the basket following the update.”

Analysts acknowledged that there has been a shift in engagement, But they are shortSpecifically, the changes in Bancolombia and Ecopetrol were around 1%, but this was due to increases in the prices of issuers such as ISA, Cementos Argos and Grupo Argos.

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For Acciones y Valores’ variable income specialist, the biggest impact of Bancolombia’s preferred shares is because “It’s mainly because ADR has a discount.” (American Depositary Receipts, which allow North American investors to trade shares in companies registered outside the United States).

(You may be interested in: Bogota bank customers can now pay with Apple Pay).

“This exposure to foreign investors makes the preferred stock more liquid than the common stock, which is why it trades at a higher volume, and that’s why it seems to be more popular.””, assures the stock and securities expert.

In the second quarter Ecopetrol’s participation rate was 13.7%, compared to 12.76% in the third quarter and 16.17% in the same period last year..

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Photo: iStock

In itself, action ISAIn fourth place, the basket participation rate was 9.8% in the second quarter and the effective basket participation rate was 9.95%. It was 10.49% a year ago.
According to the latest financial opinion survey by Fedesarrollo and BVC, analysts believe that the stock market will continue to rise in August.

Profitability of the year

So far this year, the Colcap Index is valued at 13.87%, which suggests that 2024 will be favorable for the index, reflecting changes in the prices of BVC’s most liquid shares.

The survey showed that 79.4% of analysts in August (77.8% in July) expected the stock index to appreciate in three months, while the remaining 20.6% expected it to depreciate.

(Apart from: Colombia without hunger: learn how to know if you are a beneficiary of the program).

According to reports Peripheral blood The most attractive action for investors participating in the investment market Hepatitis B virus Those argos cement ltd.chosen by 53.3% of analysts (14.%) in July.
This heading is followed by ISA shares, Bancolombia’s preferred shares, Bancolombia’s shares Grupo Energia Bogotá (GEB) and Columbia Bank common stock.

On Friday, it was announced that Cementos Argos shares will be included in the FTSE Russell index from September. The company was also included a few days ago first MSCI Global Small Cap Index.

Holman Rodriguez Martinez
Portfolio Reporter

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