BOGOTÁ – Colombia’s stock market demonstrated strong momentum on Monday, with the benchmark COLCAP index climbing to a new five-year high, driven by robust performance in the Industrials, Services, and Agriculture sectors.
At the close of trading, the COLCAP index had added 0.56%, marking a significant milestone for the market. The rally was led by several key players who saw substantial gains during the session.
The day’s top performer on the COLCAP was Celsia SA (BVC:CEL), which surged 4.03%, or 190.00 points, to close at 4,900.00—a new 5-year high for the utility company. Following closely was Interconnection Electric SA ESP (BVC:ISA), which gained 3.77% to end the day at 22,000.00. Organizacion Terpel SA (BVC:TPL) also reached a 5-year high, rising 2.98% to close at 13,840.00.
However, the positive sentiment was not universal across the exchange. The energy sector faced significant headwinds, with Canacol Energy Ltd (BVC:CNE) emerging as the session’s worst performer. The company’s shares plummeted 7.64%, or 480.00 points, to trade at 5,800.00, a new all-time low. Other notable decliners included Grupo Argos SA (BVC:ARG), which fell 2.47% to 17,360.00, and Grupo Nutresa SA (BVC:NCH), down 0.77% to close at 129,000.00.
In the wider commodities market, products key to the Colombian economy saw positive movement. US coffee C for September delivery was up 3.46% to $320.05. Meanwhile, US cocoa for September delivery also rose, gaining 2.63% to hit $8,750.00. In contrast, precious metals saw a downturn, with the December Gold Futures contract falling 2.80% to trade at $3,393.70 a troy ounce.
