Colombian equities ended the trading day in negative territory on Wednesday, with the COLCAP index slipping 0.29% at the close. The session was marked by weakness in the Financials, Investment and Public Services sectors, which contributed to the overall downward pressure.
Market close snapshot
At the close in Colombia, the COLCAP declined 0.29%.
Top performers
- Cementos Argos Pf (BVC:PFCEMARGOS) advanced 4.26% - up 480.00 points to end the day at 11,740.00.
- Ecopetrol SA (BVC:ECOPETROL) rose 2.55% - adding 65.00 points to close at 2,610.00.
- Corporacion Financiera Colombiana SA (BVC:CORFICOLCF) gained 1.18% - up 220.00 points to finish at 18,820.00.
Biggest decliners
- Grupo Aval Acciones y Valores SA Pref (BVC:PFAVAL) dropped 4.57% - a fall of 39.00 points to 814.00 at the close.
- Mineros SA (BVC:MINEROS) decreased 2.88% - down 460.00 points to finish at 15,540.00.
- Organizacion Terpel SA (BVC:TERPEL) fell 2.38% - down 440.00 points to end at 18,040.00.
Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Commodities and futures
Commodity prices showed a mixed picture at the close: US coffee C for September delivery was down 0.49% or 1.60 to $324.50. US cocoa for delivery in September rose 1.91% or 111.00 to hit $5,917.00. The August Gold Futures contract fell 0.07% or 2.65 to trade at $4,067.05 a troy ounce.
Currency moves
On the currency front, the USD/COP rate was down 0.01% at 3,231.03, while BRL/COP fell 0.02% to 636.33. The US Dollar Index Futures was lower by 0.35% at 100.36.
This session showed select strength in materials and energy names, while several financial and service-sector stocks weighed on the benchmark. Market breadth information reported a peculiar 0 to 0 ratio for decliners versus advancers on the exchange.