Dollar and stocks reflect the effect of election results

The shares of companies in the mining and energy sectors related to: Colombia presented falls on Monday on the Canadian stock market, after learning of the results of the second round.

For example, the shares of Canacol Energy fell in the Canadian Stock Exchange up 3.73% and traded at 2.58 Canadian dollars.

Canacol is a natural gas exploration and production company with operations in Colombia whose common stock is listed on the Toronto Stock Exchange, the OTCQX in the United States of America and the Colombian Stock Exchange under the symbols CNE, CNNEF and CNE.

Another of the actions that fell in the canada scholarship was that of the company Mineros which contracted 7.53% to trade at 0.86 Canadian dollar. Mineros is a gold production and exploration company, headquartered in Medellin and present in Colombia, Nicaragua, Argentina and Chile.

The Director of Analysis and Strategy of Casa de Bolsa SCB Grupo Aval, Juan David Ballen, indicated that the conduct of the negotiations on the shares of Canacol Energy and Mineros is due “to the fact that the proposals of Gustavo Petro would affect are on the energy recovery sector.”

“The decline in equities is explained by the election results and not by the behavior of commodities, as they show a stable behavior in the case of oil and gold today,” he posted on his Twitter account. Twitter.

He clarified that because yesterday was a holiday in both United States† as in Colombia, since the business is on the Canadian Stock Exchange, trading volumes are lower than traditional. “However, they serve to give a color of what may happen tomorrow,” he explained.

Source: El heraldo

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