Colombian equities closed lower on Thursday, with the COLCAP index finishing the session down 2.54%. Declines in the Financials, Investment and Public Services sectors were the primary contributors to the market-wide drop.
The session's strongest performers on the COLCAP included Grupo Nutresa SA (BVC:NCH), which advanced 8.14% - a gain of 24,000.00 points - to finish at 319,000.00. Organizacion Terpel SA (BVC:TPL) added 0.73% or 140.00 points to end at 19,340.00, and Mineros SA (BVC:MAS) rose 0.43% or 80.00 points to close at 18,820.00.
At the other end of the spectrum, Bancolombia Pf (BVC:BIC_p1) was the session's weakest name, sliding 5.92% or 4,440.00 points to trade at 70,580.00. Grupo Cibest SA (BVC:CIBEST) decreased 4.94% or 4,100.00 points to finish at 78,900.00, while Grupo de Inversiones Suramericana SA (BVC:SIS) lost 4.68% or 2,900.00 points to close at 59,100.00.
Market breadth favored decliners; falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 1 to 0.
Notably, shares of Grupo Nutresa SA (BVC:NCH) reached an all-time high, finishing the session up 8.14% or 24,000.00 to 319,000.00.
Commodities and futures
- US coffee C for March delivery was down 0.26% or 0.80, trading at $307.85.
- US cocoa for March delivery rose 2.35% or 96.00, reaching $4,182.00.
- The April Gold Futures contract fell 2.57% or 127.39 to trade at $4,823.41 a troy ounce.
Currencies
- USD/COP moved higher by 1.83% to 3,696.25.
- BRL/COP rose 1.33% to 701.24.
- The US Dollar Index Futures was up 0.34% at 97.83.
Thursday's session presented a contrast between sector weakness and isolated stock strength. While Financials, Investment and Public Services exerted downward pressure on the benchmark, select consumer and materials names recorded gains, with Grupo Nutresa notably reaching a record closing price.
Investors tracked commodity and currency moves alongside equity trading, with coffee and cocoa showing diverging performance and gold futures declining. Exchange-rate shifts in USD/COP and BRL/COP accompanied the equity-market reaction.
Given the limited scope of the day's data, further market developments will determine whether these moves represent a short-term correction or a more sustained trend.