Colombia stocks lower at close of trade; COLCAP down 0.74%

Colombian stocks experienced a decline at the close of trade on Thursday, with the COLCAP losing 0.74%. The Financials, Investment, and Public Services sectors were the main contributors to the market's downward trend. The COLCAP showed its strongest performance with Grupo Nutresa SA, which rose 18.98% or 60,300.00 points, reaching a trading value of 378,000.00.

Grupo de Inversiones Suramericana SA also saw a gain of 1.18% or 800.00 points, ending at 68,400.00, while Corporacion Financiera Colombiana Pref increased by 0.76% or 140.00 points, trading at 18,600.00. The session's weakest performers included Cementos Argos Pref, which dropped 5.30% or 700.00 points to 12,520.00, Organizacion Terpel SA, which declined by 2.83% or 540.00 points to 18,560.00, and Cementos Argos SA, which fell by 2.74% or 320.00 points to 11,340.00.

The number of falling stocks significantly outnumbered the advancing ones, with 0 gains recorded. US coffee C for December delivery saw a modest decline of 0.50% or 1.45 points, settling at $289.25. In other commodity markets, US cocoa for December delivery rose 1.51% or 81.00 points to $5,448.00, and the December Gold Futures contract increased by 0.12% or 5.25 points to $4,207.55 per troy ounce.

Meanwhile, the USD/COP exchange rate gained 0.06% to 3,322.25, and the BRL/COP rate rose 0.06% to 636.95. The US Dollar Index Futures ended the session down 0.07% at 101.81.