While waiting for the crucial match this afternoon between Colo Colo and the University of Concepción, in which the team that will descend to First B will be defined, there were already some movements in the market.
On the day of what could mark the first time the albos reach that position, stocks scored a sharp drop.
The papers of Blanco y Negro, the concessionaire in charge of the administration of the football club, closed with a decline of 5.6% to $ 165.20 on the Santiago Stock Exchange.
Although their titles are of low liquidity, the action of the popular club did not show variations after the tie with O’Higgins -party that led him to play the momentous match today-, however within hours of gambling his permanence in the first division there were transactions for $ 6 million, scoring a session minimum of $ 165 and a maximum of $ 167.
With today’s loss, the shares of Colo Colo accumulate a decline of 6.36% so far this year, after closing 2020 with a decrease of 0.88%.
This occurs in a context of high uncertainty regarding how the club’s finances could be affected if they lose their tenure in the first division. There is already a debate regarding some impact from television rights income, in addition to the uncertainty of the outlook in terms of sponsors.