Colombian equities finished the trading day in the red on Monday, with the COLCAP index ending down 1.34% at the close. Losses concentrated in the Financials, Investment and Public Services sectors were the primary drivers of the session's retreat.
Top performers
- Corporacion Financiera Colombiana SA (BVC:CORFICOLCF) was the session's strongest performer on the COLCAP, advancing 4.46% - a gain of 980.00 points - to close at 22,960.00.
- Etb (BVC:ETB) rose 3.87%, adding 3.50 points to finish at 94.00.
- Promigas (BVC:PROMIGAS) gained 1.11%, ending the day 70.00 points higher at 6,380.00.
Lagging stocks
- Grupo Cibest SA (BVC:CIBEST) posted the largest drop among COLCAP names, falling 4.49% - a decrease of 4,060.00 points - to close at 86,300.00.
- Grupo de Inversiones Suramericana SA Preferred (BVC:PFGRUPSURA) declined 2.00%, down 1,000.00 points to 49,000.00.
- Grupo de Inversiones Suramericana SA (BVC:GRUPOSURA) slipped 1.69%, losing 1,040.00 points to finish at 60,500.00.
Market breadth was reported with an anomalous reading: "Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0." That figure appears to reflect a reporting limitation rather than a typical advance-decline measure.
Notably, shares of Corporacion Financiera Colombiana SA (BVC:CORFICOLCF) reached three-year highs in the session, as the stock gained 4.46% - up 980.00 points - to close at 22,960.00.
Commodities and currencies
Commodity moves were mixed. US coffee C for December delivery rose 0.37% - up 1.15 - to trade at $314.00. US cocoa for December delivery climbed 1.81%, gaining 120.00 to reach $6,768.00. By contrast, the December Gold Futures contract fell 0.72%, a drop of 32.60, to trade at $4,497.30 a troy ounce.
FX pairs shown in the session were unchanged: USD/COP was flat at 0.00% to 3,213.15, while BRL/COP also registered no change at 0.00% to 619.51.
Additional index and futures movements included the US Dollar Index Futures (DX) which was down 0.29% at 99.37. The summary of session tick data included several shorthand markers: DX-0.29% GC-0.72% KC+0.37% CC+1.81% COLCAP-1.34% CORFICOLCF+4.46% CIBEST-4.49% BVC-0.12% ETB+3.87% GRUPOSURA-1.69% PFGRUPSURA-2.00% PROMIGAS+1.11%.
What this means
The close underscores short-term downward pressure on Colombia's benchmark, driven by sectoral weakness in Financials, Investment and Public Services. Mixed commodity price moves and a soft dollar index accompanied the session, while local currency pairs reported no change at the close.