Colombian equities closed the trading day in negative territory on Tuesday, with the COLCAP index falling 1.93% at the market close. Declines were driven primarily by weakness across the Financials, Investment and Public Services sectors, which collectively weighed on the broader index.
Among the stocks that outperformed the session, Etb (BVC:ETB) led gains, finishing up 5.77% or 3.00 points to trade at 55.00 at the close. Corporacion Financiera Colombiana (BVC:PFCORFICOL) added 1.38% or 240.00 points to end at 17,640.00, while Grupo Bolivar SA (BVC:GRUBOLIVAR) rose 1.33% or 1,080.00 points to finish at 82,080.00 in late trade.
On the downside, Ecopetrol SA (BVC:ECOPETROL) posted the largest drop among the session's worst performers, sliding 8.85% or 270.00 points to close at 2,780.00. Cementos Argos Pf (BVC:PFCEMARGOS) was down 7.41% or 880.00 points to end at 11,000.00, and Grupo Aval Acciones y Valores SA Pref (BVC:PFAVAL) declined 7.22% or 70.00 points to 900.00.
The breadth numbers reported for the Colombia Stock Exchange were shown as falling stocks outnumbering advancing ones by 0 to 0, as recorded at the close.
Commodities traded with mixed outcomes. US coffee C for September delivery climbed 3.28% or 8.75 to $275.75. US cocoa for September delivery rose 0.87% or 40.00 to $4,661.00. By contrast, the August Gold Futures contract fell 1.75% or 73.70 to trade at $4,129.00 a troy ounce.
In currency markets, USD/COP moved up 0.09% to 3,432.73, while BRL/COP rose 0.09% to 662.73. The US Dollar Index Futures finished the session higher, up 0.37% at 101.17.
Market participants will note the session's clear winners and losers, with Etb, Corporacion Financiera Colombiana and Grupo Bolivar among the limited list of advancers, while Ecopetrol, Cementos Argos Pf and Grupo Aval Acciones y Valores SA Pref recorded notable declines. The session's commodity and FX moves were mixed and reflected modest volatility across related markets.