Colombian equities closed in positive territory on Monday, with the benchmark COLCAP index adding 2.10% at the end of trading. The advance was driven by gains across the Industrials, Services and Agriculture sectors, which collectively pushed the market higher into the close.
Leading movers
The session's strongest performers on the COLCAP included Grupo Cibest SA (BVC:CIBEST), which finished up 4.09% - a rise of 3,400.00 points - to close at 86,500.00. Mineros SA (BVC:MAS) also registered a notable gain, climbing 4.06% or 780.00 points to end at 19,980.00. Cementos Argos SA (BVC:CCB) rose 2.64% - an increase of 320.00 points - to reach 12,420.00 by the close.
Lagging names
Not all components advanced. Banco Davivienda Pf (BVC:DVI_p) was among the day's weakest, slipping 1.79% or 500.00 points to finish at 27,400.00. Grupo Bolivar SA (BVC:SCA) declined 1.47%, a fall of 1,400.00 points, to close at 94,000.00. Banco De Bogota SA (BVC:BBO) eased 0.71% or 300.00 points to end the session at 42,000.00.
On net, rising issues outnumbered decliners on the Colombia Stock Exchange by 1 to 0.
Commodities and foreign exchange
Commodity contracts saw mixed moves in nearby deliveries. US coffee C for May delivery traded lower, down 2.61% or 7.45 to $278.25. US cocoa for May delivery fell 1.04% or 33.00 to $3,145.00. In contrast, the April Gold Futures contract advanced 3.32% or 168.85 to trade at $5,249.75 a troy ounce.
Currency pairs involving the Colombian peso moved modestly. USD/COP declined 0.29% to 3,694.32 while BRL/COP fell 0.14% to 714.71. The US Dollar Index Futures was slightly lower as well, down 0.08% at 97.66.
Market context
The session's sector-level strength in Industrials, Services and Agriculture coincided with firm performances among select large-cap industrials and materials-related names, while pockets of weakness in the financial sector contributed to the day's mixed internal dynamics. The commodity moves noted above and the peso's modest gains against the dollar and real were additional market drivers into the close.
Bottom line - Colombia's main equity gauge ended the day up 2.10%, with notable contributions from Grupo Cibest SA, Mineros SA and Cementos Argos SA, even as certain bank-related issues underperformed. Commodities and FX posted varied results during the same session.