Colombian equities finished the session with a small gain on Thursday, driven by positive performance in Industrials, Services and Agriculture. At the close, the COLCAP index was up 0.01%.
The day’s top performers on the COLCAP included Etb (BVC:ETB), which climbed 6.81% - a rise of 6.50 points - to finish at 102.00. Cementos Argos Pf (BVC:PFCEMARGOS) also registered strong gains, adding 6.38% or 720.00 points to close at 12,000.00. Banco De Bogota SA (BVC:BOGOTA) was among the winners as well, advancing 2.02% or 760.00 points to end the day at 38,320.00.
On the other side of the ledger, several names posted declines. Banco Davivienda Pf (BVC:PFDAVVNDA) fell 2.42% - down 580.00 points - to close at 23,420.00. Bolsa De Valores De Colombia (BVC:BVC) slipped 2.21% or 360.00 points to 15,960.00, while Bancolombia Pf (BVC:BIC_p1) retreated 1.57% - a drop of 1,060.00 points - to finish at 66,540.00.
Market breadth as reported noted that falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Etb (BVC:ETB) reached a 52-week high during the session, with its closing price up 6.81% or 6.50 to 102.00.
Commodities trading featured mixed moves. US coffee C for September delivery declined 2.50% or 7.75, settling at $302.15. US cocoa for September delivery fell 1.47% or 75.00 to $5,017.00. By contrast, the August Gold Futures contract rose 1.30% or 53.25 to trade at $4,135.65 a troy ounce.
Currency pairs referenced in the session were largely unchanged. USD/COP was unchanged 0.00% at 3,365.75, and BRL/COP was unchanged 0.00% at 647.18.
Benchmark currency futures also moved - the US Dollar Index Futures was down 0.50% at 100.65.
Context and implications
- Sector contributions - Industrials, Services and Agriculture were cited as drivers of the session’s gains.
- Banking stocks showed weakness, with several large financial names posting declines that contrasted with pockets of strength in industrial and construction-related shares.
- Commodities and currency benchmarks displayed divergent moves, with gold higher while coffee and cocoa fell, and the US dollar index eased.
Summary
The Colombian market closed slightly higher, with a handful of stocks producing outsized moves. Etb and Cementos Argos Pf led gains, while several bank-pref shares and the local exchange operator finished lower. Commodities trading included drops in coffee and cocoa and a rise in gold, and currency pairs remained largely unchanged.