Daily Colombian Equities Bulletin and Fundamentals 10-01-13
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October 2, 2013 (www.investorideas.com newswire) Comments - Market color USA markets closed higher during the first day of October despite uncertainty regarding the US government shutdown. The S&P 500 climbed 0.8% while the Dow Jones increased 0.41%. Although we expect that both political parties reach an agreement on the Congress, markets will have volatility on the upcoming sessions.
LatAm markets also finished higher for the most part, where we highlight a 1.61% appreciation on Brasil's Bovespa index. In the local market, the Colcap index finished lightly higher (+0.32%) at 1,757.9 but continues to trade sideways. That said, we highlight that today īs session was driven by a couple of specific events; however we do not see strength in big names such as Ecopetrol, Bancolombia and Sura. It is worth mentioning that these big names account for more than 40% of the COLCAP.
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