Colombian equities finished the trading session weaker on Wednesday as sector-level declines drove the benchmark lower. At the close, the COLCAP index fell 0.96%.
Market weakness was attributed to losses in the Financials, Investment and Public Services sectors, which collectively pushed the exchange into negative territory for the session.
Top performers
- Ecopetrol SA (BVC:ECOPETROL) led gains, rising 5.65% - an increase of 140.00 points to close at 2,620.00.
- Bancolombia Pf (BVC:BIC_p1) added 1.00%, up 600.00 points to finish at 60,400.00.
- Grupo Argos SA Pref (BVC:PFGRUPOARG) increased 0.53%, a gain of 60.00 points to end the session at 11,360.00.
Largest decliners
- Interconnection Electric SA ESP (BVC:ISA) fell 3.80%, a drop of 1,100.00 points to close at 27,820.00.
- Bolsa De Valores De Colombia (BVC:BVC) declined 2.52%, losing 380.00 points to end at 14,720.00.
- Mineros SA (BVC:MINEROS) slipped 2.34%, down 340.00 points to 14,160.00.
On breadth, the exchange reported that falling stocks outnumbered advancing ones by 0 to 0. That figure indicates the advance-decline data was recorded as 0 to 0 for the session.
Commodities and currencies
- US coffee C for July delivery was down 0.67%, a decline of 1.80, settling at $268.35.
- US cocoa for July delivery fell 1.59%, down 62.00 to $3,845.00.
- The June Gold Futures contract decreased 0.26%, down 11.85 to trade at $4,546.15 a troy ounce.
In currency markets, USD/COP was down 0.01% at 3,726.27, while BRL/COP fell 0.01% to 745.81. The US Dollar Index Futures rose 0.31% to 99.57.
The session’s price moves left the COLCAP modestly lower overall, while individual large-cap names diverged sharply - with a major energy company posting the session’s strongest advance and several utilities and exchange-related names among the largest declines. Commodity price pressures and small currency moves accompanied the equity performance.