Colombian equities finished the trading session on Monday in negative territory, with the COLCAP index falling 0.64% to close at a new three-month low. The drop was driven by weakness in the Financials, Investment and Public Services sectors, which collectively pushed the market lower.
Among individual names, the session's top performer on the COLCAP was Mineros SA (BVC:MAS), which advanced 3.97% - up 600.00 points - to finish at 15,700.00. Promigas (BVC:PMG) also recorded gains, climbing 2.22% or 140.00 points to close at 6,440.00. Banco De Bogota SA (BVC:BBO) rounded out the leading group, rising 0.92% or 340.00 points to end the day at 37,400.00.
At the other end of the board, Interconnection Electric SA ESP (BVC:ISA) posted the largest decline, sliding 5.06% or 1,520.00 points to settle at 28,500.00. Grupo de Inversiones Suramericana SA Preferred (BVC:SIS_p) dropped 3.73% - down 1,580.00 points - to finish at 40,820.00, while Ecopetrol SA (BVC:ECO) fell 3.29% or 80.00 points to close at 2,350.00.
Market breadth showed more decliners than advancers on the Colombia Stock Exchange, recorded in the session as falling stocks outnumbered advancing ones by 0 to 0.
In commodities trading, US coffee C for July delivery increased 2.37% or 6.50 to $281.30. US cocoa for July delivery surged 12.34% or 516.00 to reach $4,698.00. The June Gold Futures contract rose 0.32% or 15.00 to trade at $4,745.70 a troy ounce.
On the currency front, USD/COP was unchanged at 3,765.91, while BRL/COP was unchanged at 770.49. The US Dollar Index Futures moved marginally higher, up 0.02% to 97.80.
Summary of key price moves:
- COLCAP -0.64% to a three-month low
- Top gainers: BVC:MAS +3.97% (15,700.00), BVC:PMG +2.22% (6,440.00), BVC:BBO +0.92% (37,400.00)
- Top decliners: BVC:ISA -5.06% (28,500.00), BVC:SIS_p -3.73% (40,820.00), BVC:ECO -3.29% (2,350.00)
- Commodities: Coffee C (Jul) +2.37% ($281.30), Cocoa (Jul) +12.34% ($4,698.00), Gold (Jun) +0.32% ($4,745.70)
- FX: USD/COP 3,765.91 (unchanged), BRL/COP 770.49 (unchanged)