Colombian equities rallied into the close on Monday, driven by positive returns in Industrials, Services and Agriculture. At the end of trading the COLCAP index gained 0.86% to register a new one-month high.
Among individual performers, Mineros SA (BVC:MAS) led gains by rising 4.85% - a move equal to 640.00 points - to finish at 13,840.00. Cementos Argos Pf (BVC:CCB_p) added 3.10%, or 400.00 points, settling at 13,300.00, and Banco Davivienda Pf (BVC:DVI_p) advanced 2.55%, or 600.00 points, to close at 24,120.00.
Not all large caps participated in the rally. Ecopetrol SA (BVC:ECO) was the session's worst performer, declining 5.71% - or 160.00 points - to end at 2,640.00. Corporacion Financiera Colombiana (BVC:CFV_p) slipped 1.95%, or 340.00 points, to finish at 17,060.00, while Grupo de Inversiones Suramericana SA (BVC:SIS) retreated 1.41%, or 700.00 points, to close at 49,100.00.
Rising issues outnumbered decliners on the Colombia Stock Exchange by 1 to 0, indicating a session tilted toward advancing stocks in terms of breadth.
In commodities trading, US coffee C for May delivery rose 0.93% or 2.75 to $298.15. US cocoa for May fell 0.68% or 22.00 to $3,223.00, and the June Gold Futures contract dipped 0.07% or 3.50 to trade at $4,676.20 a troy ounce.
Foreign-exchange moves in the trading day were minimal. The USD/COP pair was unchanged at 3,684.13, and BRL/COP held steady at 716.71. The US Dollar Index Futures traded slightly lower, down 0.03% at 99.83.
Market participants will observe whether the sector-led advance broadens in coming sessions or if pressure from energy and certain financial names persists. For now, the COLCAP's climb to a one-month high underscores a cautiously positive short-term tone across the Colombian market.