Colombian equities finished higher on Monday as sector-level strength lifted the benchmark. At the close of trade the COLCAP index rose 2.37%.
Market breadth presented a mixed picture: the report recorded that falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Among the session's top performers on the COLCAP, Mineros SA (BVC:MINEROS) led gains, climbing 2.13% - a rise of 320.00 points - to finish at 15,320.00. ETB (BVC:ETB) added 1.87%, gaining 1.00 point to close at 54.50. Grupo Argos SA Pref (BVC:PFGRUPOARG) also contributed to the upside, increasing 1.56% or 180.00 points to end the day at 11,700.00.
On the downside, Interconnection Electric SA ESP (BVC:ISA) was the session's weakest large-cap, retreating 2.62% or 760.00 points to close at 28,240.00. Bancolombia Pf (BVC:BIC_p1) fell 1.67%, down 1,020.00 points to 59,920.00. Corporacion Financiera Colombiana SA (BVC:CORFICOLCF) lost 1.50% or 220.00 points to finish at 14,460.00.
Commodity markets showed a split performance during the trading day. US coffee C for July delivery declined 0.38%, down 1.05 to trade at $272.35. In contrast, US cocoa for July delivery rose 0.77%, gaining 29.00 to reach $3,796.00. Precious metals were stronger, with the August Gold Futures contract up 1.07% or 48.70 to trade at $4,605.10 a troy ounce.
Foreign exchange rates were largely unchanged according to the session data. USD/COP was reported up 0.00% at 3,637.00, while BRL/COP was up 0.00% at 725.07.
The US Dollar Index Futures was weaker on the day, falling 0.27% to 98.92 at the time of the close, reflecting some softness in the greenback during the session.
Market context: Industrial, Services and Agriculture sector gains underpinned the overall advance in Colombian equities, while select financial and utility names lagged. Commodity price moves and a softer dollar accompanied the market action.