Colombian equities finished the trading day in positive territory on Tuesday, driven by advances in the Industrials, Services and Agriculture sectors.
At the close in Colombia, the COLCAP index added 0.39% to reach a new one-month high.
Leading the gains on the COLCAP were:
- Grupo Argos SA (BVC:GRUPOARGOS) - up 7.01% or 1,400.00 points to close at 21,360.00.
- Cementos Argos Pf (BVC:PFCEMARGOS) - rose 5.87% or 700.00 points to finish at 12,620.00.
- Grupo de Inversiones Suramericana SA Preferred (BVC:PFGRUPSURA) - increased 3.08% or 1,440.00 points to end at 48,200.00.
Stocks that ended the session lower included:
- Corporacion Financiera Colombiana SA (BVC:CORFICOLCF) - down 3.57% or 740.00 points to 20,000.00 at the close.
- Banco De Bogota SA (BVC:BOGOTA) - fell 1.89% or 740.00 points to 38,320.00.
- Grupo Aval Acciones y Valores SA Pref (BVC:PFAVAL) - slipped 1.43% or 12.00 points to 828.00.
Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Notable price action: Shares of Grupo Argos SA rose to a 52-week high, increasing 7.01% or 1,400.00 to 21,360.00.
Commodities: US coffee C for December delivery was up 4.31% or 13.70 to $331.60. US cocoa for December delivery fell 2.39% or 145.00 to $5,924.00. The December Gold Futures contract declined 1.88% or 84.20 to trade at $4,389.50 a troy ounce.
Foreign exchange: USD/COP was down 0.03% to 3,105.77, while BRL/COP fell 0.06% to 594.43. The US Dollar Index Futures was up 0.01% at 99.55.
This session's market picture included concentrated gains among select large-cap industrial and materials names, while several financials underperformed. The index-level increase to a one-month high reflected these mixed but mostly positive moves across key sectors.