Colombian equities finished the trading day lower on Friday, with the COLCAP index slipping 1.33% at the close. The downturn was driven by declines in the Financials, Investment and Public Services sectors, which pushed the benchmark into negative territory.
Market movers
Among COLCAP constituents, Ecopetrol SA (BVC:ECO) was the session’s top performer, rising 4.64% - an advance of 110.00 points - to close at 2,480.00. Banco De Bogota SA (BVC:BBO) also posted gains, adding 1.35% or 540.00 points to finish at 40,460.00. Mineros SA (BVC:MAS) ticked higher by 0.97% or 140.00 points to close at 14,600.00.
At the other end of the ledger, Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) led the laggards, declining 1.62% or 14.00 points to end the session at 850.00. Interconnection Electric SA ESP (BVC:ISA) fell 1.56%, a loss of 480.00 points, to close at 30,260.00. Grupo de Inversiones Suramericana SA (BVC:SIS) dropped 1.53%, down 840.00 points to 54,060.00.
Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 1 to 0.
Commodities and currencies
Commodities trading showed mixed moves. US coffee C for May delivery declined 2.63% or 7.80 to $288.65. US cocoa for July delivery fell 4.49% or 155.00 to $3,300.00. June Gold Futures rose 0.85%, gaining 41.10 to trade at $4,849.40 a troy ounce.
In currency markets, USD/COP was down 0.21% at 3,606.23 while BRL/COP edged up 0.05% to 724.20. The US Dollar Index Futures registered a small increase of 0.01% to 98.04.
What this means
The session reflected sector-specific weakness, with the Financials, Investment and Public Services groups delivering the bulk of downward pressure on the COLCAP. Select names in energy and mining posted gains, but they were insufficient to offset broader declines across the exchange.