Colombian equities closed in negative territory on Tuesday, with the COLCAP index down 0.06% at the end of the trading session. Losses concentrated in the Financials, Investment and Public Services sectors were the main drags on the market.
On the COLCAP, the top performer of the day was Grupo Nutresa SA (BVC:NUTRESA), which climbed 4.87% - an increase of 14,540.00 points - to finish at 313,000.00. Banks also contributed to the list of advancers: Bancolombia Pf (BVC:BIC_p1) added 1.32% or 880.00 points to close at 67,580.00, and Banco Davivienda Pf (BVC:PFDAVVNDA) rose 1.13% or 260.00 points to end the session at 23,240.00.
On the downside, Etb (BVC:ETB) experienced the largest single-stock decline, falling 10.24% - a loss of 8.50 points - to trade at 74.50 at the close. Energy heavyweight Ecopetrol SA (BVC:ECOPETROL) slipped 4.71% or 120.00 points to finish at 2,430.00, while Bolsa De Valores De Colombia (BVC:BVC) dropped 4.20% or 680.00 points to end at 15,500.00.
Market breadth data published for the session noted an unusual reading: falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0.
Commodities trading was mixed. US coffee C for September delivery fell 9.30%, a decrease of 32.55, to settle at $317.40. By contrast, US cocoa for September delivery gained 1.49% or 85.00 to reach $5,779.00. Precious metals also moved lower, with the August Gold Futures contract down 1.22% or 50.80 to trade at $4,116.70 a troy ounce.
Currency pairs involving the Colombian peso were unchanged in the measures reported: USD/COP was flat at 0.00% to 3,339.07, and BRL/COP also showed no change at 0.00% to 648.10. Broader currency indicators registered a modest uptick, with US Dollar Index Futures rising 0.23% to 100.85.
Market summary
- COLCAP -0.06% at the close, driven by weakness in Financials, Investment and Public Services.
- Top gainers included Grupo Nutresa SA (BVC:NUTRESA) +4.87%, Bancolombia Pf (BVC:BIC_p1) +1.32%, Banco Davivienda Pf (BVC:PFDAVVNDA) +1.13%.
- Largest decliners were Etb (BVC:ETB) -10.24%, Ecopetrol SA (BVC:ECOPETROL) -4.71%, Bolsa De Valores De Colombia (BVC:BVC) -4.20%.
Notable market gauges
- US coffee C (September) -9.30% to $317.40.
- US cocoa (September) +1.49% to $5,779.00.
- August Gold Futures -1.22% to $4,116.70 a troy ounce.
- USD/COP unchanged at 3,339.07; BRL/COP unchanged at 648.10.
- US Dollar Index Futures +0.23% to 100.85.
These moves offer a snapshot of the session's distribution of gains and losses across stocks and commodities, highlighting a narrow overall decline in the Colombian market at the close on Tuesday.