INSUBCONTINENT EXCLUSIVE:
repeated warnings about a growing fiscal deficit from rating agencies who estimate national debt could reach 63% of GDP by 2026.That context
anchored trading, yet did little to dent local optimism as buyers targeted undervalued segments
Financials and industrials led advances, with Grupo de Inversiones Suramericana rising 3.64% to close at 54,720.Grupo Argos Preferred
climbed 3.45% to finish at 18,580, hitting a five-year high on positive infrastructure outlooks
Promigas added 1.77% and finished at 6,900, reflecting gas sector stability and solid operational results.CIBEST Grupo Cibest extended its
seven-day gain to 8.7%, closing at 56,300
Debt Fears as Local Momentum Leads Daily Gains
(Photo Internet reproduction)Losses concentrated in telecommunications and utilities
ETB fell 4.55% to 52.5, after a tepid earnings update dragged sentiment
4,800, alongside sector peers as concerns over future rates lingered
Cementos Argos dropped 1.75% to 10,080 in a lagging materials sector.Ecopetrol ended 0.84% lower at 1,775, tracking declines in global oil
Trading volumes stayed high, especially in large caps.Local equities ETF inflows remained consistent, contrasting with regional outflows in
That divergence underlined investor preference for local risk assets around sensible valuations rather than longer-duration debt.Compared to
and shifting sentiment ahead of U.S
central bank announcements.Daily Momentum Holds Strong Despite Overbought SignalsTechnical analysis reveals the uptrend on the daily price
The index price sustained its boost above short and medium-term moving averages
The 14-day RSI at 69.98 shows the market trades near overbought territory.The MACD confirms strong positive momentum, supporting price
expansion over recent weeks
Bollinger Bands widened, reflecting high daily volatility, while price held above the upper band, highlighting buying pressure.Support sits
near 1,706, while fresh resistance emerges just above current highs
Volume confirmed each surge, increasing the conviction behind upward moves.The four-hour chart confirmed this bullish setup yet signaled an
overextension, as RSI breached the 70 mark in the short term
looming fiscal questions, local risk appetite continues to outmatch headlines for now
resilience, confirmed by both facts and charts, delivers a story of buyers stepping into perceived value despite macro risks.
