Market close overview
Colombian equities ended the trading day in negative territory on Friday, as sector-level declines in Financials, Investment and Public Services pushed the market lower. At the close, the COLCAP index registered a 1.58% decline.
Leading gainers
Among COLCAP components, Etb (BVC:ETB) was the top performer for the session, rising 2.78% - an increase of 1.50 points - to finish at 55.50. Grupo Argos SA (BVC:GRUPOARGOS) also traded higher, adding 2.55% or 420.00 points to reach 16,920.00. Banco De Bogota SA (BVC:BOGOTA) climbed 1.51%, a gain of 580.00 points, closing at 38,980.00 in late trade.
Largest decliners
The session's worst performers included Cementos Argos Pf (BVC:PFCEMARGOS), which fell 3.91% or 480.00 points to end at 11,800.00. Grupo de Inversiones Suramericana SA (BVC:GRUPOSURA) declined 2.47%, dropping 1,280.00 points to close at 50,520.00. Grupo Argos SA Pref (BVC:PFGRUPOARG) was down 1.31%, a fall of 160.00 points to 12,100.00.
Breadth and participation
The report noted that falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Commodities and rates
In commodity markets, US coffee C for July delivery dipped 0.20% (down 0.50) to $246.65. US cocoa for July delivery experienced a sharper drop, losing 5.57% or 221.00 to trade at $3,744.00. The August Gold Futures contract fell 3.35%, or 151.10, to settle at $4,353.90 a troy ounce.
Foreign exchange and dollar strength
On the currency front, the USD/COP exchange rate moved higher by 0.69% to 3,603.54. BRL/COP declined 1.29% to 697.53. The US Dollar Index Futures advanced 0.67% to 100.05.
Takeaway
The session closed with the COLCAP down 1.58% as weakness in key domestic sectors outweighed gains in a handful of large-cap names. Commodity price moves and a firmer dollar accompanied the equity declines, while select financial and industrial names bucked the downward trend.