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Colombian Stocks Rise as COLCAP Index Gains 0.65%
Colombian stocks advanced at the close of trading on Friday, with the benchmark COLCAP index rising 0.65% for the session. The gains were primarily driven by positive performance in the Industrials, Services, and Agriculture sectors, according to market data.
Top Movers
Leading the gains on the main index was mining company Mineros SA (BVC:MINEROS), which saw its shares climb 3.35%. Other notable performers included:
- Grupo Bolivar SA (BVC:GRUBOLIVAR), which added 2.81%.
- Grupo Aval Acciones y Valores SA Pref (BVC:PFAVAL), closing up 1.70%.
On the downside, energy firm Promigas (BVC:PROMIGAS) was the session's worst performer, with its shares falling 3.25%. It was followed by fuel distributor Organizacion Terpel SA (BVC:TERPEL), which declined 2.81%, and Etb (BVC:ETB), which ended the day down 2.60%.
AdCurrency and Commodity Context
In currency markets, the Colombian peso showed notable strength against the U.S. dollar. The USD/COP pair fell 1.28% to 3,253.61, indicating a stronger peso. This move occurred even as the U.S. Dollar Index Futures, which measures the greenback against a basket of major currencies, edged up slightly by 0.08%.
The equity market gains came amid a downturn in key commodity prices. U.S. coffee C futures for September delivery fell significantly, while the August Gold Futures contract saw a modest decline of 0.29%.