Colombian stocks ended the trading session higher on Wednesday, driven by advances in the Industrials, Services and Agriculture sectors. The benchmark COLCAP index closed up 0.81%.
Leading the gainers on the COLCAP was Grupo Nutresa SA (BVC:NUTRESA), which finished the day 4.33% higher, a rise of 12,920.00 points to a closing level of 311,380.00. Financial group Grupo Bolivar SA (BVC:GRUBOLIVAR) added 2.48%, climbing 1,960.00 points to end at 80,960.00. Utility and energy company Celsia SA (BVC:CELSIA) also contributed to the upside, gaining 1.42% or 70.00 points to close at 5,010.00.
On the downside, Mineros SA (BVC:MINEROS) posted the largest percentage loss among listed names, falling 5.08% - a drop of 820.00 points to finish at 15,320.00. The Bolsa De Valores De Colombia (BVC:BVC) declined 4.94%, down 800.00 points to a close of 15,400.00. Telecommunications firm Etb (BVC:ETB) decreased 3.85%, losing 3.00 points to settle at 75.00.
Market breadth as reported showed that falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Commodity contracts tracked alongside the local market displayed mixed performance. US coffee C for September delivery declined 1.26%, down 4.00 to $313.60. US cocoa for September delivery was stronger, rising 4.86% or 280.00 to $6,039.00. The August Gold Futures contract moved lower, falling 1.70% or 70.85 to trade at $4,086.55 a troy ounce.
Foreign exchange rates were stable according to the data provided: USD/COP was unchanged at 3,346.40, while BRL/COP was unchanged at 649.17. In broader currency markets, the US Dollar Index Futures was up 0.08% at 100.86.
Summarizing the session: the COLCAP advanced 0.81% as a handful of consumer, financial and utility names outperformed, while several other large-cap listings finished lower. Commodities and currency measures showed divergent moves, contributing to a mixed backdrop for the market close on Wednesday.