Colombia’s stock market closed higher on Monday, with the COLCAP index gaining 2.09% to reach its highest level in six months. Advances in the industrials, services and agriculture sectors underpinned the gains, offsetting declines in materials and energy names.
The COLCAP index, which tracks the 20 most liquid stocks on the Colombia Stock Exchange, closed at 16,000.00 points after adding 600.00 points during the session. Falling stocks matched advancers in number, though sectoral strength drove the net positive close.
Grupo Argos SA Pref led the advancers, rising 3.90% to close at 16,000.00, while Grupo Cibest SA gained 3.25% to 91,400.00. Mineros SA advanced 1.82% to 17,900.00. On the downside, Cementos Argos SA fell 2.41% to 10,540.00, Etb dropped 2.05% to 71.50, and Ecopetrol SA declined 1.67% to 2,650.00.
Commodity markets showed mixed signals. US coffee futures for December delivery surged 5.94% to $341.80 per pound, while cocoa futures for the same contract fell 1.74% to $5,929.00 per tonne. December gold futures rose 0.63% to $4,709.90 per troy ounce, reflecting broader precious metals strength.
The Colombian peso held steady against the US dollar, with the USD/COP rate unchanged at 3,067.61. The Brazilian real also showed little movement versus the peso, trading at 595.56. The US Dollar Index futures edged up 0.19% to 98.92.
