Colombia's main stock benchmark closed in negative territory on Thursday, with the COLCAP index down 0.87% at the bell. The slide reflected sector-level weakness, led by Financials, Investment and Public Services, which collectively weighed on the market.
Among individual components, Ecopetrol SA (BVC:ECOPETROL) was the session's top performer on the COLCAP, finishing up 3.50% - a gain of 85.00 points - to close at 2,515.00. Promigas (BVC:PROMIGAS) added 2.73% or 180.00 points to reach 6,780.00, while Organizacion Terpel SA (BVC:TERPEL) rose 2.25% - 400.00 points - to finish the day at 18,200.00.
At the other end of the tape, Mineros SA (BVC:MINEROS) led the decliners, sliding 3.39% or 520.00 points to close at 14,800.00. Pref shares of Grupo Aval Acciones y Valores SA (BVC:PFAVAL) fell 3.36% or 28.00 points to end at 805.00, and Grupo Nutresa SA (BVC:NUTRESA) declined 2.69% - a drop of 8,380.00 points - to finish at 303,000.00.
Market breadth, as reported at the close, showed that falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Commodities traded with notable moves during the session. US coffee futures for September delivery jumped 10.22% or 31.65 to trade at $341.45. US cocoa for September delivery increased 5.19% or 314.00 to $6,366.00. The August Gold Futures contract was higher by 1.23% or 50.25, trading at $4,132.65 a troy ounce.
On the foreign exchange front, USD/COP was unchanged at 3,295.93 (0.00% change), while BRL/COP also registered no change, remaining at 644.20 (0.00% change). The US Dollar Index Futures (DX) slipped 0.03% to 100.73 by the close.
This session combined sector pressure in domestic equity markets with significant commodity price movements and steady local currency crosses. Energy and fuel-related names outperformed within the COLCAP, while mining and select financials and consumer-related stocks finished lower. Commodity volatility, particularly in coffee and cocoa, stood out alongside a minor pullback in the Dollar Index Futures.