Colombian stocks closed lower on Tuesday as pressures in several key sectors drove the benchmark index down. At the close in Colombia, the COLCAP declined 1.06%.
Sectors that weighed on the market included Financials, Investment and Public Services, which together helped push share prices lower across the exchange.
The leading winners on the COLCAP were Ecopetrol SA (BVC:ECO), which climbed 4.73% or 125.00 points to finish at 2,765.00; Celsia SA (BVC:CEL), which added 3.41% or 180.00 points to close at 5,460.00; and Cementos Argos Pf (BVC:CCB_p), up 3.10% or 400.00 points to end the session at 13,300.00.
On the downside, Grupo Bolivar SA (BVC:SCA) led losses, falling 3.57% or 3,080.00 points to trade at 83,200.00 at the close. Grupo de Inversiones Suramericana SA Preferred (BVC:SIS_p) declined 1.69% or 720.00 points to finish at 41,780.00, while Grupo Energia Bogota SA ESP (BVC:GEB) was down 0.34% or 10.00 points to 2,955.00.
Market breadth was tilted toward declines, with falling stocks outnumbering advancing ones on the Colombia Stock Exchange by 1 to 0.
Celsia SA (BVC:CEL) reached a notable milestone for the session, climbing to a 5-year high at 5,460.00 after the 3.41% gain.
Commodities trading showed varied movement on the day. US coffee C for May delivery fell 3.96% or 11.80 to $286.25. US cocoa for delivery in May dropped 7.23% or 234.00 to $3,001.00. Meanwhile, the June Gold Futures contract rose 1.02% or 47.55 to trade at $4,732.25 a troy ounce.
Currency pairs and dollar indicators also moved modestly. USD/COP was down 0.08% to 3,686.86, while BRL/COP rose 0.11% to 715.93. The US Dollar Index Futures was down 0.38% at 99.48.
This session’s results underline a market where gains in specific energy and industrial names were not sufficient to offset broader selling pressure led by financial and public-service companies. The mix of commodity declines and currency shifts accompanied the equity moves during the day.