Colombia Stocks Rise at Close of Trade; COLCAP Up 0.96%

Colombian stocks demonstrated positive momentum following the market close on Tuesday, primarily driven by gains in various sectors.

At market close, the Colombian index experienced an increase of 0.96%.

Leading the session’s gains was Corporacion Financiera Colombiana SA, which saw a rise of 3.39%, or 400.00 points, closing at 12,200.00. Grupo de Inversiones Suramericana SA also performed well, adding 3.27% (900.00 points) to close at 28,400.00, while Grupo de Inversiones Suramericana SA Preferred rose by 2.62% (520.00 points) to finish at 20,360.00.

On the downside, Mineros SA was the worst performer, declining by 2.78% or 100.00 points, closing at 3,500.00. Grupo Energia Bogota SA ESP saw a decrease of 2.72% (70.00 points) to end at 2,500.00, and Grupo Bolivar SA fell by 1.59% (1,000.00 points) to 62,000.00.

On the Colombian Stock Exchange, declining stocks outweighed advancing ones.

In commodity trading, US coffee for December delivery rose by 1.04% (2.75 points) to $266.40. Additionally, US cocoa for December delivery increased by 1.09% (84.50 points) to $7,870.50, while December Gold Futures were up 1.12% (29.60 points) at $2,682.10 per troy ounce.

In the currency market, the USD/COP exchange rate saw a marginal increase of 0.02% to 4,150.63, while BRL/COP rose by 1.25% to 760.90. Meanwhile, the US Dollar Index Futures declined by 0.51% to 100.04.