Bancolombia Takes Top Spot

Bancolombia, Colombia’s largest financial entity, has taken over at the top of the general price index of stocks (IGBC) of the Colombian Securities Exchange (BVC). Bancolombia will have the largest weighting of the 29 stocks in the index for the period until September (16.36%), taking the place of Suramericana de Inversiones (Suramerinv), which had reigned supreme for the past 18 months, but whose weighting now falls from 14.48% to 13.42%. Of the 29 companies that now comprise the IGBC, 10 – including Bancolombia – belong to the GEA conglomerate, accounting for 67% of the index.