Colombian equities finished the trading day in negative territory on Monday, pressured by declines in Financials, Investment and Public Services names, according to market close data.
The COLCAP index recorded a decline of 0.00% at the close.
Winners and losers
The session's strongest performers on the COLCAP included Etb (BVC:ETB), which advanced 5.06% - a gain of 4.00 points - to finish at 83.00. Ecopetrol SA (BVC:ECOPETROL) added 3.24%, or 80.00 points, to close at 2,550.00, while Grupo Cibest SA (BVC:CIBEST) rose 2.67%, gaining 2,100.00 points to end the day at 80,900.00.
On the downside, Grupo Nutresa SA (BVC:NUTRESA) was the session's biggest decliner among the listed names noted, slipping 0.51% or 1,540.00 points to trade at 298,460.00 at the close. Promigas (BVC:PROMIGAS) declined 0.15% or 10.00 points to finish at 6,660.00, and Grupo Bolivar SA (BVC:GRUBOLIVAR) eased 0.05% or 40.00 points to 79,680.00.
Market breadth at the Colombia Stock Exchange registered an unusual reading: falling stocks outnumbered advancing ones by 0 to 0.
Commodities and currency moves
Outside equities, several commodity contracts posted notable moves. US coffee C for September delivery jumped 15.31%, a rise of 46.10, to trade at $347.30. US cocoa for September delivery surged 13.64% or 687.00 to $5,723.00. The August Gold Futures contract increased 1.22%, or 50.35, to trade at $4,176.05 per troy ounce.
On the currency front, USD/COP was unchanged at 3,353.69, while BRL/COP held steady at 653.66. The US Dollar Index Futures also finished unchanged at 100.63.
Market context and takeaways
Monday's session was characterized by selective strength among energy and select investment names and heavier performance from some food and utilities-related names. Etb, Ecopetrol and Grupo Cibest stood out among gainers, while Grupo Nutresa, Promigas and Grupo Bolivar recorded modest declines. Commodity markets showed significant upward moves in coffee and cocoa prices, and a smaller gain in gold futures. Currency crosses involving the Colombian peso were unchanged at the close.
Readers should note that the index movement was recorded as a 0.00% decline, reflecting a flat net change in the official COLCAP close for the session.