Colombian stocks finished the trading day higher on Friday, with broad-based strength in the Industrials, Services and Agriculture sectors lifting the market. The benchmark COLCAP index closed up 1.57%.
Among individual listings, Cementos Argos SA (BVC:CEMARGOS) was one of the stronger performers, rising 1.41% or 160.00 points to finish at 11,500.00. Mineros SA (BVC:MINEROS) added 1.28% or 200.00 points to close at 15,820.00, while Organizacion Terpel SA (BVC:TERPEL) advanced 1.01% or 180.00 points to end the session at 18,000.00.
Not all names moved higher. ETB (BVC:ETB) led declines, slipping 10.89% or 11.00 points to trade at 90.00 at the close. Cementos Argos Pf (BVC:PFCEMARGOS) declined 6.00% or 720.00 points to finish at 11,280.00, and Banco Davivienda Pf (BVC:PFDAVVNDA) fell 2.63% or 620.00 points to 22,980.00.
Market breadth as reported was unusual: "Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0."
Commodities saw mixed moves during the session. US coffee C for September delivery fell 2.50% or 7.75 to $302.15. US cocoa for September delivery dropped 1.47% or 75.00 to $5,017.00. By contrast, the August Gold Futures contract rose 1.49% or 61.60 to trade at $4,187.30 a troy ounce.
Foreign-exchange rates relevant to the market were also in flux. The USD/COP pair was down 0.45% at 3,350.48, while BRL/COP rose 0.13% to 648.05. The US Dollar Index Futures eased 0.02% to 100.61.
Overall, the session was characterized by gains in industrial, services and agricultural stocks that outweighed notable declines among certain utilities and preferred issues. Commodity price movements were varied, with coffee and cocoa lower and gold higher, and currency shifts modestly supportive of local-market dynamics.
Market snapshot
- COLCAP: +1.57%
- Top gainers included Cementos Argos, Mineros and Organizacion Terpel
- Largest declines included ETB, Cementos Argos Pf and Banco Davivienda Pf