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June 21, 2022
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Sharp drop in the Stock Market, Ecopetrol falls more than 10%

Takeover bid for BAC shares going at a good pace

The price of shares in Colombia is falling strongly at this time, as a reaction to the results of the second round of the presidential elections that gave rise to winner to Gustavo Petro.

(Read: Four Colombian shares fall on the New York Stock Exchange).

The fall in the main indicator of the local stock market, the MSCI Colcap, is 5.4 percent compared to Friday, while so far this year it reaches a 2.5 percent decline.

The actions with the greatest setbacks on this first business day of the week are those of Ecopetrol and ISA, with 10.25 and 8.8 percent, respectively.

BRIEFCASE
With information from El Tiempo*

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