Ecopetrol share continues to fall in the local market

After a fall close to 10% in the previous day, Ecopetrol’s share registers a new loss this Wednesday in the local market.

(Ecopetrol share fell close to 10% in Colombia this Tuesday).

Although the drop is more moderate, the title of the oil company maintains its downward trend, given the uncertainty due to the arrival of a new president of the state company and downward pressure on oil prices, that this Tuesday fell more than 5% in international markets.

According to the Colombian Stock Exchange, Ecopetrol’s share fell 1.11% to an average price of $2,048.

(Ecopetrol share suffers on the Colombian stock market and Wall Street).

On the previous day, the title of the state company lost 9.40% and traded at an average price of $2,122. In addition, it was the most undervalued stock of the day.

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