Market close
Colombian equities ended Friday's session lower, with the COLCAP index declining 1.28% at the close amid weakness concentrated in the Financials, Investment and Public Services sectors.
Session leaders and laggards
The top performer on the COLCAP was Etb (BVC:ETB), which finished up 6.47%, gaining 5.50 points to close at 90.50. Energy heavyweight Ecopetrol SA (BVC:ECOPETROL) advanced 2.91%, adding 75.00 points to reach 2,650.00, and Grupo Energia Bogota SA ESP (BVC:GEB) rose 1.75%, or 50.00 points, to finish at 2,900.00.
On the downside, Grupo Cibest SA (BVC:CIBEST) led losses, slipping 1.55% or 1,420.00 points to close at 90,480.00. Banco Davivienda Pf (BVC:PFDAVVNDA) declined 1.41%, down 360.00 points to 25,200.00, while Grupo Argos SA (BVC:GRUPOARGOS) fell 1.33% or 280.00 points to end the session at 20,700.00.
Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Commodities and currencies
Across commodity markets, US coffee C for December delivery gained 0.95%, up 2.95 to $312.60. US cocoa for December delivery recorded a larger move, rising 7.50% or 463.00 to $6,636.00. Precious metals moved lower: the December Gold Futures contract fell 3.43%, down 159.90 to trade at $4,504.10 a troy ounce.
In foreign exchange, USD/COP strengthened 1.46% to 3,211.02, while BRL/COP rose 0.85% to 618.25. The US Dollar Index Futures climbed 0.55% to 99.64.
Context and closing note
The session showed a bifurcated market where select energy and utility names outperformed while several financial and investment-related stocks weighed on the benchmark. Movements in commodity contracts and a firmer dollar coincided with the equity weakness recorded in the COLCAP.