Colombian equities ended the trading day in negative territory on Friday, with the benchmark COLCAP slipping 0.26% at the close as losses in the Financials, Investment and Public Services sectors pressured the market.
The session's top gainers on the COLCAP included Mineros SA (BVC:MINEROS), which rose 2.97% - up 440.00 points - to finish at 15,240.00. Grupo Argos SA (BVC:GRUPOARGOS) advanced 2.17%, or 340.00 points, to close at 16,040.00, and Grupo Cibest SA (BVC:CIBEST) increased 1.59%, gaining 1,180.00 points to reach 75,480.00 in late trade.
On the downside, Grupo Bolivar SA (BVC:GRUBOLIVAR) posted the largest decline, falling 3.07% - a drop of 2,260.00 points - to settle at 71,400.00 at the close. Grupo Energia Bogota SA ESP (BVC:GEB) slid 1.41%, or 40.00 points, to finish at 2,790.00, while Grupo de Inversiones Suramericana SA Preferred (BVC:PFGRUPSURA) was down 1.40%, losing 600.00 points to end at 42,380.00.
Market breadth data in the report appeared unusual: "Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0." The note reproduces the original breadth figure as reported.
Commodity prices showed mixed moves during the session. US coffee C for July delivery fell 3.04%, down 8.35, to $265.90. US cocoa for July delivery declined 4.83%, or 198.00, to $3,901.00. By contrast, the August Gold Futures contract rose 0.83%, adding 37.50, to trade at $4,569.90 a troy ounce.
Currency markets reflected peso weakness versus regional peers. USD/COP rose 1.00% to 3,688.35, while BRL/COP increased 1.04% to 732.25. The US Dollar Index Futures was down 0.08% at 98.89.
The session details underline a day in which select industrial and financial names diverged, with commodity and currency moves accompanying equity action. Investors will note the gains in key industrial and mining-related names contrasted with softer performance among financial and public services groups.
Market snapshot
- COLCAP at close: down 0.26%
- Top gainers: BVC:MINEROS +2.97%, BVC:GRUPOARGOS +2.17%, BVC:CIBEST +1.59%
- Top losers: BVC:GRUBOLIVAR -3.07%, BVC:GEB -1.41%, BVC:PFGRUPSURA -1.40%
- Commodities: Coffee down 3.04% to $265.90; Cocoa down 4.83% to $3,901.00; Gold up 0.83% to $4,569.90/oz
- FX: USD/COP 3,688.35 (+1.00%), BRL/COP 732.25 (+1.04%)