Colombia's stock market closed higher on Monday, as advances in the Industrials, Services and Agriculture segments pushed the main index up. At the close, the COLCAP climbed 1.98%, marking a new one-month peak for the benchmark.
The session's strongest movers on the COLCAP included Grupo Argos SA Pref (BVC:ARG_p), which advanced 3.31% or 420.00 points to finish at 13,120.00. Celsia SA (BVC:CEL) also had a notable gain, adding 3.04% or 170.00 points to close at 5,770.00, while Banco Davivienda Pf (BVC:DVI_p) rose 3.03% or 740.00 points to end the day at 25,200.00.
Not all large-cap names participated in the rally. Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) fell 2.59% or 21.00 points to close at 789.00. Interconnection Electric SA ESP (BVC:ISA) declined 1.71% or 500.00 points to 28,700.00, and Bancolombia Pf (BVC:BIC_p1) slipped 0.62% or 420.00 points to 67,460.00.
Market breadth was positive, with rising stocks outnumbering declining ones on the Colombia Stock Exchange by 1 to 0. Among individual milestones, shares of Celsia SA (BVC:CEL) rose to five-year highs, increasing 3.04% or 170.00 to finish at 5,770.00.
In commodities trading, some contracts were little changed while others moved higher. US coffee C for May delivery was unchanged 0.00% or 0.00 to $300.10. US cocoa for July delivery rose 1.35% or 45.00 to $3,372.00. The June Gold Futures contract fell 0.44% or 21.05 to trade at $4,766.35 a troy ounce.
Currency pairs linked to regional markets were stable at the close. USD/COP was unchanged 0.00% to 3,598.40, and BRL/COP was unchanged 0.00% to 720.11. The US Dollar Index Futures was down 0.24% at 98.20.
This session saw sector-led strength lift the benchmark to its one-month high, while several heavyweight stocks moved in the opposite direction, leaving a mixed picture among the market's largest names.