Colombian equities finished the session in positive territory on Tuesday, with the COLCAP index gaining 0.44% to reach a new one-month high. Strength in the Industrials, Services and Agriculture sectors underpinned the market advance as the trading day concluded.
Leading the winners on the COLCAP were Grupo Aval Acciones y Valores SA Pref (BVC:PFAVAL), Ecopetrol SA (BVC:ECOPETROL) and Bancolombia Pf (BVC:BIC_p1). Grupo Aval Pref closed up 8.04%, a rise of 66.00 points, finishing the day at 887.00. Ecopetrol advanced 7.52%, adding 200.00 points to end at 2,860.00, a level described during the session as a three-year high for the company. Bancolombia Pf rose 5.68%, gaining 3,520.00 points to close at 65,520.00.
Not all names moved higher. The session's weakest performers included Promigas (BVC:PROMIGAS), which declined 3.13% or 210.00 points to finish at 6,510.00. Grupo Argos SA (BVC:GRUPOARGOS) fell 1.89%, losing 320.00 points to close at 16,580.00, while Grupo Nutresa SA (BVC:NUTRESA) slipped 1.79%, down 5,500.00 points to end the day at 301,000.00.
Market internals as reported were unusual: falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0. The session featured a mix of sizable individual stock moves despite that breadth reading.
On the commodities front, US coffee C for July delivery declined 0.56%, down 1.45 to $259.15. US cocoa for July delivery climbed 4.60%, rising 179.00 to $4,074.00. The August Gold Futures contract rose 0.29%, up 13.15, trading at $4,519.45 a troy ounce.
Foreign-exchange rates saw modest moves: USD/COP increased 0.05% to 3,589.01, while BRL/COP also rose 0.05% to 717.14. The US Dollar Index Futures was reported up 0.02% at 99.17 during the session.
In sum, the Colombian market closed with the benchmark index setting a one-month high amid notable gains in several large-cap names, while commodity prices and currency pairs showed mixed directions through the trading day.