Market close overview
Colombian stocks finished the trading session lower on Friday, with the COLCAP index down 0.32% at the close. Pressure came from weakness across the Financials, Investment and Public Services sectors, which collectively pulled the market lower despite gains among several high-profile components.
Top gainers
- Etb (BVC:ETB) led the winners on the COLCAP, advancing 14.35% or 6.90 points to close at 55.00.
- Ecopetrol SA (BVC:ECO) added 9.17% or 200.00 points to finish at 2,380.00, a move that also marked a rise to a 52-week high for the stock.
- Grupo Argos SA (BVC:ARG) rose 3.25% or 500.00 points to end the session at 15,900.00.
Leading decliners
- Mineros SA (BVC:MAS) was the weakest name among the highlighted components, sliding 5.56% or 1,000.00 points to close at 17,000.00.
- Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) dropped 5.01% or 39.00 points to finish at 740.00.
- Grupo Cibest SA (BVC:CIBEST) declined 3.21% or 2,660.00 points to end at 80,140.00.
On breadth, falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 1 to 0.
Commodities and currencies
Commodity markets showed mixed strength during the session. US coffee C for May delivery was up 1.85% or 5.35 to $294.15. US cocoa for May delivery climbed 5.73% or 175.00 to $3,230.00. The April Gold Futures contract rose 1.93% or 97.91 to trade at $5,176.61 a troy ounce.
On foreign exchange, USD/COP was down 0.00% at 3,790.54 while BRL/COP rose 0.49% to 722.63. The US Dollar Index Futures was down 0.44% at 98.88.
Notes
Ecopetrol's move to a 52-week high was recorded as the stock rose 9.17% or 200.00 to 2,380.00. Overall market direction was negative for the session as the COLCAP closed lower by 0.32%.