INSUBCONTINENT EXCLUSIVE:
Most sectors closed in positive territory with Consumer Staples and Utilities leading the way.Utility and consumer companies dominated the
at 4,020.00 pesos, while Grupo Nutresa climbed 1.97% to reach 126,600.00 pesos
challenges amid global pressures
preferred shares both declined 0.74%, closing at 10,720.00 and 37,680.00 pesos respectively.Sector performance revealed a divided market
Consumer Staples led with a 5.09% gain, followed by Utilities at 4.40% and Materials at 1.63%
Meanwhile, Energy suffered a significant 6.25% drop, and Industrials fell 2.40%
Financial stocks edged down slightly by 0.58%.Colombian Market Edges Higher as Global Sentiment Improves, Utilities Shine.The Colombian
United States markets jumped after employers added 177,000 jobs in April, exceeding analyst expectations.The S&P 500 climbed 1.47%, while
the Dow Jones and Nasdaq gained 1.39% and 1.51% respectively
Potential thawing in United States -China trade tensions further boosted international sentiment.Colombian Market Edges Higher as Global
Inflation decreased to 5.09% in March from the previous 5.28%.The central bank unexpectedly cut its benchmark interest rate to 9.25% in
April, providing additional support for equities
Unemployment also improved, falling to 9.60% from 10.30% previously.Currency movements revealed underlying economic pressures
The USD/COP exchange rate rose 0.48% to 4,252.50, while the BRL/COP increased 0.80% to 751.94
The Colombian peso closed April with a 1.1% depreciation amid global risk aversion and falling crude oil prices.From a valuation
perspective, the Colombian market currently trades at a price-to-earnings ratio of 9.5x, with a market capitalization of Col$388.3 trillion
Analysts expect the COLCAP to trade around 1,612.63 points by the end of the second quarter and 1,528.58 within 12 months.Commodity prices
affecting Colombia showed mixed performance
Coffee futures dropped 0.53% to $382.60, while cocoa futures rose 1.96% to $8,914.00
