A Fedesarrollo survey revealed that shares of Ecopetrol, Grupo Energía de Bogotá and Grupo Cibest were the most preferred by analysts in the MSCI Colcap index during May.
Fedesarrollo’s Financial Opinion Survey showed that 46.2 percent of respondents picked the ordinary shares of Ecopetrol and Grupo Energía de Bogotá as the most attractive. The preferred shares of Grupo Cibest received 38.5 percent of the preferences.
The oil sector saw a sharp rise in interest. It increased from 41.7 percent in April to 84.6 percent in May. In contrast, the financial sector fell from over 100 percent to 76.9 percent.
On valuation, 79.1 percent of analysts expect an increase over the next three months. This outlook rose more than 16 percentage points from the previous month.
