Ocampo’s departure announcement punished all markets

The changes of ministersespecially the owner of Treasury, Jose Antonio Ocampogenerated a new increase in the price of dollar this time of $101, increases in the rates of the secondary market of debt securities TESas well as deterioration of the risk indicators and the fall of the Colombian bag.

Since Wednesday afternoon, after learning of the departure of Ocampo and six other ministers, the next day dollar market showed that the currency would register a strong impulse, which this April 27 was corroborated with an opening of $129 above Tuesday’s close, although in the end the trend moderated.

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So, after opening $4,655reached a maximum of $4,678a minimum rate of $4,625 and marking an average was $4,654.

In the end it closed at $4,656 and the Representative market rate this Friday is $4,654.14 compared to $4,552.59 in force last Thursday, a rise of 101.55.

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In this way, the revaluation (appreciation) of the peso this year reaches 3.24% and the devaluation (depreciation) in the last 12 months to 17.9%.

For Diego Rodríguez, managing director of Bosk Capital, Colombian assets have a broader correlation when the global market is bad, but when things are good outside they act less positively than the other external assets.

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And according to the analyst, this happens because Colombia “has a president with unfriendly policies to the free market”.

The Colombian stock exchange registered a fall of 1.53%, which is added to those that it has been registering in the last week and which accumulate a loss of more than 5%.

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The action of IBH It was the one that fell the most, with 7.62% to $229.10, followed by Bancolombia preferential with 5.37% to $28,200.

The action of ecopetrolwhich has registered a price drop of more than 10% in recent days, fell 0.41% this Thursday to $2,188.

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For their part, TES debt securities maturing in 2024 closed at 10.760%, after closing at 10.500% on Wednesday. Those maturing in 2026 closed at 10.250%, after the previous closing of 10.900%, those of 2028 ended at 11.370% compared to the previous day’s of 10.900% and those of maturity in 2032 closed at 11.800% compared to the close of Wednesday of 11,421%.

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