Colombia stocks lower at close of trade; COLCAP down 1.75%

Colombian stocks closed lower on Monday as declines in the Financials, Investment, and Public Services sectors dragged down the market. The Colombia Stock Exchange's COLCAP index fell 1.75%. Among the best performers in the session was Corporacion Financiera Colombiana SA, which rose 1.95% or 400.00 points to close at 20,900.00.

Empresa de Telecomunicaciones de Bogota SA Esp and Ecopetrol SA also saw gains, with the former adding 1.54% or 2.00 points to finish at 132.00, and the latter up 0.89% or 25.00 points to 2,825.00. The worst performers were Mineros SA, which dropped 2.09% or 460.00 points to 21,580.00, Promigas declining 2.06% or 130.00 points to 6,180.00, and Cementos Argos SA falling 1.88% or 220.00 points to 11,500.00.

The number of stocks that fell outnumbered those that rose on the exchange. The US coffee C for December delivery increased 2.67% or 8.15 to $313.75, while US cocoa for December delivery rose 0.89% or 50.00 to $5,695.00. The December Gold Futures contract fell 0.50% or 20.80 to $4,160.30 a troy ounce. The USD/COP rate decreased 0.40% to 3,157.22, and the BRL/COP fell 0.40% to 627.41. The US Dollar Index Futures finished up 0.01% at 101.80.