Colombia's COLCAP Index Rises 1.64% to Reach One-Month High

Colombia's benchmark stock index, the COLCAP, closed 1.64% higher on Thursday, reaching a new one-month high. The advance was primarily driven by gains across the Industrials, Services, and Agriculture sectors, according to market data from the close.

Top Movers

Leading the gains on the index was telecommunications company Etb (BVC:ETB), which surged 5.11% to close at 72.00. State-controlled oil company Ecopetrol SA (BVC:ECOPETROL) also saw significant buying interest, adding 3.35% to end the session at 2,625.00. Corporacion Financiera Colombiana SA (BVC:CORFICOLCF) rose 1.67%.

On the other side of the ledger, the operator of the stock exchange itself, Bolsa De Valores De Colombia (BVC:BVC), was the session's worst performer, falling 3.04%. Other notable decliners included Interconnection Electric SA ESP (BVC:ISA), which dropped 2.43%, and food processing company Grupo Nutresa SA (BVC:NUTRESA), which was down 1.64%.

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Broader Market Context

In commodities markets, prices were mixed. US coffee C futures for September delivery fell 0.40%, while US cocoa for September delivery declined 1.29%. In contrast, the August Gold Futures contract gained 1.58% to trade at $4,099.90 a troy ounce.

In currency markets, the USD/COP pair was little changed at 3,127.79. Meanwhile, the US Dollar Index Futures, which measures the greenback against a basket of major currencies, traded 0.91% lower at 99.82.