Colombian equities finished the trading day lower on Thursday, with the benchmark COLCAP index retreating 0.98% by the close. Selling was concentrated in the Financials, Investment and Public Services sectors, which collectively drove the market loss.
Among individual names, Mineros SA (BVC:MAS) registered the strongest performance on the COLCAP, climbing 7.45% - a gain of 1,000.00 points - to end the session at 14,420.00. Two other constituents in the upper tier of performers were Grupo de Inversiones Suramericana SA Preferred (BVC:SIS_p), which added 1.86% or 760.00 points to finish at 41,520.00, and Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p), up 1.73% or 14.00 points to close at 824.00.
On the downside, Ecopetrol SA (BVC:ECO) recorded the steepest drop, losing 4.77% or 125.00 points to trade at 2,495.00 at the close. Other notable decliners included Grupo Nutresa SA (BVC:NCH), which fell 1.96% or 6,000.00 points to 300,000.00, and Banco Davivienda Pf (BVC:DVI_p), which slipped 1.33% or 300.00 points to 22,300.00.
Broad market breadth favored decliners on the Colombia Stock Exchange, where falling issues outnumbered advancing ones by approximately 1 to 0.
Commodities trading showed mixed moves that paralleled some of the market action. US coffee C for July delivery declined 4.02% or 11.40 to settle at $272.45. By contrast, US cocoa for July delivery rose 5.42% or 224.00, reaching $4,359.00. The June Gold Futures contract advanced marginally, up 0.04% or 1.70 to trade at $4,696.00 a troy ounce.
Currency pairs involving the Colombian peso were little changed. The USD/COP rate was quoted up 0.02% at 3,739.80, while BRL/COP rose 0.02% to 760.03. Meanwhile, the US Dollar Index Futures was trading 0.28% higher at 98.15.
This session’s price action reflected a concentration of weakness in several domestic sectors and selective gains among commodity-linked and financial names. The market’s performance was influenced by the individual share movements detailed above and by modest shifts in commodities and currency pairs.
Market snapshot:
- COLCAP -0.98% at close
- Top gainer: Mineros SA (BVC:MAS) +7.45%
- Largest decliner: Ecopetrol SA (BVC:ECO) -4.77%
- Commodities: Coffee down, Cocoa up, Gold slightly higher
- Currencies: USD/COP +0.02%, BRL/COP +0.02%