Colombian equities ended Wednesday's session with gains, led by advances in the Industrials, Services and Agriculture sectors. At the close, the COLCAP index was up 0.41%.
The session's strongest performer on the COLCAP was Bolsa De Valores De Colombia (BVC:BVC), which climbed 9.40% - an increase of 1,440.00 points - to finish at 16,760.00. Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) added 5.96%, gaining 54.00 points to close at 960.00. Banco Davivienda Pf (BVC:DVI_p) also posted a solid gain of 3.62%, or 980.00 points, to settle at 28,020.00.
On the downside, Bancolombia Pf (BVC:BIC_p1) was the session's weakest issue among those listed, slipping 2.06% - a decline of 1,600.00 points - to end at 76,200.00. Interconnection Electric SA ESP (BVC:ISA) declined 1.64%, down 540.00 points to 32,340.00, while Organizacion Terpel SA (BVC:TPL) fell 1.48%, or 300.00 points, to close at 20,000.00.
The breadth of the market was skewed toward advancers; rising stocks outnumbered declining ones on the Colombia Stock Exchange by 1 to 0.
Shares of Bolsa De Valores De Colombia reached a five-year high in the session, closing at 16,760.00 after the 9.40% gain. Grupo Aval Acciones y Valores SA Pref rose to a three-year high, ending the day at 960.00 following its 5.96% advance.
Commodities traded with mixed results. US coffee C for March delivery fell 4.42%, a decrease of 16.25, to $351.00. US cocoa for March delivery dropped 6.47%, down 287.00, to $4,146.00. In contrast, the April Gold Futures contract rose 5.89%, an increase of 301.59, to trade at $5,422.19 a troy ounce.
Currency pairs showed notable moves against the Colombian peso. USD/COP rose 1.60% to 3,680.00, and BRL/COP climbed 1.33% to 708.31. The US Dollar Index Futures was higher as well, up 0.13% at 96.18.
Key points
- COLCAP closed up 0.41% as Industrials, Services and Agriculture led gains.
- Top performers included Bolsa De Valores De Colombia (+9.40%), Grupo Aval Pref (+5.96%) and Banco Davivienda Pf (+3.62%).
- Notable declines were recorded by Bancolombia Pf (-2.06%), Interconnection Electric SA (-1.64%) and Organizacion Terpel SA (-1.48%).
Risks and uncertainties
- Commodity price volatility - declines in coffee and cocoa futures could influence agricultural sector sentiment and related export revenues.
- Currency fluctuations - a stronger USD/COP and BRL/COP may affect import costs, foreign-denominated obligations and export competitiveness.
- Concentration of gains and losses - sizable moves in a few large-cap names may lead to index-level swings despite modest overall changes.
This report reflects market movements and price levels recorded at the close of trading on Wednesday. It records closing prices, percent changes and identified highs as stated, without extrapolation beyond the session's reported data.