Colombian equities finished the trading day lower on Thursday, with the COLCAP index closing down 1.37% as sector-wide declines in Financials, Investment and Public Services pressured the market.
At the close, the benchmark COLCAP registered a 1.37% decline. The advance/decline balance on the Colombia Stock Exchange showed falling stocks outnumbered advancing ones by 1 to 0, indicating broad downward momentum across listed issues.
The session’s top performers on the COLCAP lineup were led by Interconnection Electric SA ESP (BVC:ISA), which gained 1.17% - an increase of 340.00 points - to finish at 29,460.00. Grupo Cibest SA (BVC:CIBEST) rose 1.16%, up 960.00 points to close at 83,980.00. Energy major Ecopetrol SA (BVC:ECO) advanced 0.99%, adding 25.00 points to finish trading at 2,555.00.
On the downside, several large caps recorded notable losses. Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) led decliners, slipping 2.98% - a drop of 25.00 points - to close at 814.00. Grupo Argos SA Pref (BVC:ARG_p) fell 2.48%, down 320.00 points to end the session at 12,580.00. Grupo de Inversiones Suramericana SA Preferred (BVC:SIS_p) declined 2.18%, losing 960.00 points to finish at 43,040.00.
Commodity markets showed mixed outcomes during the session. US Coffee C for July delivery strengthened 4.06%, gaining 11.75 to reach $300.90. US cocoa for July delivery climbed 0.76%, up 26.00 to $3,453.00. By contrast, the June Gold Futures contract traded lower, down 0.93% or 44.40, to $4,708.60 per troy ounce.
Foreign exchange quotes were stable between the peso and primary peer currencies noted in the session. The USD/COP rate was unchanged at 3,566.47, while BRL/COP was unchanged at 711.08. The US Dollar Index Futures moved higher, trading up 0.25% at 98.66.
Overall, the session saw sector-specific weakness concentrated in Financials, Investment and Public Services that contributed to the COLCAP’s decline, while select utility and energy names recorded modest gains.