Colombian equities ended Tuesday's session in negative territory, with the COLCAP index slipping 0.21% at the close. Market breadth tilted toward declines as losses in the Financials, Investment and Public Services sectors weighed on the overall market.
Among index components, the strongest performers included Corporacion Financiera Colombiana SA (BVC:CFV), which advanced 2.31% - a gain of 380.00 points - to finish at 16,800.00. Grupo Argos SA (BVC:ARG) also posted a positive result, rising 1.47% or 240.00 points to close at 16,620.00. Preferrred shares of Grupo Aval Acciones y Valores SA (BVC:GAA_p) added 1.18% - 10.00 points - to end the session at 854.00.
On the downside, Promigas (BVC:PMG) led losses among notable names, falling 2.11% or 140.00 points to close at 6,510.00. Mineros SA (BVC:MAS) declined 1.88% - a drop of 280.00 points - to 14,640.00 at the close. Preferred shares of Grupo Argos SA (BVC:ARG_p) finished down 1.23% or 160.00 points, settling at 12,900.00.
Overall market breadth was negative; falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 1 to 0, indicating more issues ended the session lower than higher.
Commodity prices showed mixed moves during the session. US coffee C for July delivery ticked up 0.24% or 0.70 to $288.45. In contrast, US cocoa for July delivery fell 2.68% or 91.00 to $3,304.00. The June Gold Futures contract declined 1.87% or 90.30, trading at $4,738.50 per troy ounce.
Foreign-exchange rates affecting Colombian markets showed small changes. The USD/COP rate eased 0.04% to 3,586.07, while BRL/COP also moved down 0.04% to 722.07. The US Dollar Index Futures rose 0.28% to 98.19.
The session featured a split across individual names, with some financial and industrial stocks gaining while energy and mining-related issues were among the larger decliners. Market participants saw modest movements across commodities and currencies that accompanied the equity moves.