On Thursday, the Colombian stock market saw a decline by the end of trading, with the COLCAP index dropping 0.46%. This downward movement was influenced by losses within key sectors, particularly financials, investment, and public services, which collectively pressured the market lower.
Leading the positive performers among the COLCAP constituents was Cementos Argos SA, which gained 3.55%, equivalent to a 440-point rise, closing at 12,840.00. This increase marked an all-time high for the company’s stock. Mineros SA also experienced a notable surge, adding 3.31% (600 points) to finish at 18,740.00, attaining its highest valuation to date. Additionally, Grupo Aval Acciones y Valores SA Pref shares improved by 3.07%, a 25-point increase, to close at 840.00, reaching a three-year peak.
Conversely, several stocks faced declines, with Grupo Energia Bogota SA ESP showing the sharpest drop, falling 0.93% or 30 points to 3,205.00. Celsia SA reduced by 0.39%, losing 20 points to close at 5,070.00, while Interconnection Electric SA ESP decreased slightly by 0.25%, down 80 points, ending at 32,000.00. The ratio of falling stocks to advancing ones was approximately one to zero, illustrating a predominance of shares moving lower.
In commodity markets relevant to Colombian trade, the US March coffee futures price edged up marginally by 0.09% to $347.80. Cocoa futures for the same delivery month increased by 0.04% to $4,450.00, while gold futures for February delivery experienced a more substantial rise, climbing 1.81% to $4,925.05 per troy ounce.
Currency movements included a decline in the Colombian peso against the US dollar, with USD/COP falling by 2.03% to 3,596.00. The Brazilian real against the peso (BRL/COP) also dropped by 1.60%, ending at 679.90. The US Dollar Index Futures contracted by 0.43% to 98.14.
The session reflected a mixed market environment where certain equities achieved historical highs amidst a broader downward trend, underscoring sectoral pressures and variable investor sentiment within Colombia’s financial and commodities landscape.