Colombia stocks higher at close of trade; COLCAP up 1.86%
Colombian stocks closed higher on Tuesday as gains in the Industrials, Services, and Agriculture sectors drove the market. The COLCAP index rose 1.86%, reaching a new high for the day. Grupo de Inversiones Suramericana SA led the gains with a 3.87% increase, pushing its stock to 62,840.00. Etb and Grupo Cibest SA also contributed to the upward trend, adding 3.87% and 2.22% respectively.
The worst performers were Organizacion Terpel SA, which fell 1.68%, and Promigas, which declined 1.25%. Despite the overall positive sentiment, the number of stocks that fell outnumbered those that advanced on the Colombia Stock Exchange. Coffee futures for December delivery fell by 1.01% to $308.35, while cocoa and gold futures also experienced declines.
The USD/COP exchange rate edged up by 0.06% to 3,171.19, and the BRL/COP rate rose 0.06% to 615.10. The US Dollar Index Futures also saw a modest increase of 0.24% at 99.62.
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