Colombian equities ended Tuesday's session in negative territory as sector-level weakness pushed the headline index down. The COLCAP fell 0.97% to close at a new 3-months low, with the Financials, Investment and Public Services sectors driving much of the downward pressure.
Among constituents, the day's strongest performers on the COLCAP were:
- Ecopetrol SA (BVC:ECO) - up 2.13% or 50.00 points to finish at 2,400.00.
- Mineros SA (BVC:MAS) - gained 1.91% or 300.00 points to close at 16,000.00.
- Celsia SA (BVC:CEL) - rose 1.03% or 50.00 points to end the session at 4,900.00.
The stocks that lagged during the session included:
- Grupo Nutresa SA (BVC:NCH) - down 4.61% or 14,000.00 points to trade at 290,000.00 at the close.
- Banco Davivienda Pf (BVC:DVI_p) - declined 2.46% or 520.00 points to finish at 20,600.00.
- Corporacion Financiera Colombiana (BVC:CFV_p) - slipped 2.44% or 420.00 points to 16,800.00.
Market breadth was noted as negative; the report stated that "Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 0 to 0."
Banco Davivienda Pf (BVC:DVI_p) fell to 52-week lows, with the stock dropping 2.46% or 520.00 to close at 20,600.00.
Commodities and currency moves were varied during the session. In agricultural commodities, US coffee C for July delivery was down 0.37% or 1.05 to $281.25, while US cocoa for delivery in July fell 2.36% or 111.00 to hit $4,598.00. In metals, the June Gold Futures contract declined 0.13% or 6.10 to trade at $4,722.60 a troy ounce.
On the currency front, USD/COP moved up 0.02% to 3,783.41, and BRL/COP rose 0.02% to 773.85. The US Dollar Index Futures was higher by 0.37% at 98.19.
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