COLOMBIA LEADS THE MILA.

COLOMBIA LEADS THE MILA.

The analysts and brokerage firms are aware of the potential of the MILA but they agree that it has not been exploited or explored by the investors.

After the sign of the agreement to create the Pacific Alliance, the MILA (although México is excluded at the moment) took a deep breath of fresh air and started to work in a fast paced than it had been doing. We are starting to see the working knowledge of how is the MILA will work, and the volumes traded are starting to grow and the trend seems to go in that direction.

In May 6 of the 10 most traded shares were from the BVC (spanish acronym for Colombian Stock Exchange). What this means is that investors of these countries are looking with good eyes the performance not only of the colombian companies, but the colombian economy as a whole.

The companies that had this performance during the month of May in the MILA were Sura Group, Ecopetrol, Isagen, Pacific Rubiales, Bancolombia and Nutresa Group, but at the same time the share of Sura was the most traded share in May in the entire MILA.

The market between this three economies has been distributed in this way: Chile 42.46%, Colombia 37.67% and Peru with 19.87% but with the colombian shares increasing its participation in the MILA the trend suggests that Colombia could surpasse Chile in the third quarter of the year, depending on the behavior of the Colombian economy, if continue with the dynamic showed in the last few months and the performances of the companies in the regional market.