Colombian equities closed lower on Tuesday, with the benchmark COLCAP index falling 0.39% by the end of trading. Declines concentrated in the Financials, Investment and Public Services sectors exerted downward pressure on the market.
At the close, the COLCAP registered a 0.39% drop.
The session saw several notable winners. Mineros SA (BVC:MINEROS) led the advance on the index, climbing 5.40% - an increase of 820.00 points - to finish at 16,000.00. Cementos Argos Pf (BVC:PFCEMARGOS) added 4.26%, up 480.00 points to close at 11,740.00, while Celsia SA (BVC:CELSIA) rose 3.86%, gaining 200.00 points to end the session at 5,380.00.
On the downside, Grupo Nutresa SA (BVC:NUTRESA) was the weakest major name, retreating 1.54% or 4,760.00 points to trade at 304,720.00 at the close. Interconnection Electric SA ESP (BVC:ISA) declined 1.38%, down 420.00 points to finish at 30,020.00. Preferred shares of Grupo de Inversiones Suramericana SA (BVC:PFGRUPSURA) slipped 0.79%, a loss of 360.00 points, to end at 45,120.00.
Market breadth was recorded as follows: "Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0."
Commodity markets displayed mixed results during the session. US Coffee C for September delivery fell 0.91%, a decline of 3.00, to $327.00. By contrast, US Cocoa for September delivery rose 1.61%, up 94.00 to reach $5,936.00. The August Gold Futures contract moved higher as well, increasing 1.31% or 52.60 to trade at $4,058.30 a troy ounce.
Currency pairs involving the Colombian peso showed no change in the reported prices. The USD/COP rate was unchanged at 3,263.60, and BRL/COP was unchanged at 642.93.
Macro and cross-market indicators included the US Dollar Index Futures, which was down 0.32% at 100.72 by the time of the close.
Summary of session movers:
- Top gainers: Mineros SA (BVC:MINEROS) +5.40% to 16,000.00; Cementos Argos Pf (BVC:PFCEMARGOS) +4.26% to 11,740.00; Celsia SA (BVC:CELSIA) +3.86% to 5,380.00.
- Top decliners: Grupo Nutresa SA (BVC:NUTRESA) -1.54% to 304,720.00; Interconnection Electric SA ESP (BVC:ISA) -1.38% to 30,020.00; Grupo de Inversiones Suramericana SA Preferred (BVC:PFGRUPSURA) -0.79% to 45,120.00.
Investors also monitored movements in key commodities and exchange rates, which showed mixed shifts and contributed to the overall market backdrop.