Regulation & Policy Jun 7, 2021 4:23 PM
Fedesarrollo published its most recent Financial Opinion Survey.
The entity said that stocks in the energy, financial and holding sectors are the most attractive for investors, La Republica reported.
The report said that 54.5% of respondents consider energy sector stocks to be among the three most attractive; this was 34.8% in the last survey in May.
Analysts said that the most desirable stocks are Ecopetrol (NYSE: EC), Cementos Argos, Bancolombia, Nutresa and Celsia.
Most analysts (81%) expect Colcap to appreciate in the next three months, 13.5% expect the stock index to depreciate and 5.4% expect it to remain stable.
The confidence index reached 91.9%, remaining stable compared to the previous month and increasing 10.5 points compared to May 2020.
The Downside Buying Confidence Index reached 51.6%, representing a decrease of 10.5% compared to last month and an increase of 11% compared to the previous year.
The Shock Confidence Index reached 65.6%, a decrease of 2.1% compared to last month and an increase of 23.1% compared to previous year.
Bottom-Line: The energy sector is generating great interest among investors, and the renewable energy boom is proof of that.
The government must work to create the right environment to continue to attract the investors’ interest in the industry.