Colombia’s COLCAP index gained 0.33% to shut at 1,641.99 factors on Friday, Might 2, 2025, in line with official market knowledge from the Colombia Inventory Alternate.
The modest rise added 5.48 factors and helped solidify the index’s spectacular 19.02% year-to-date efficiency. Most sectors closed in constructive territory with Client Staples and Utilities main the way in which.
Utility and shopper firms dominated the day’s winners checklist. Interconnection Electrical SA ESP (ISA) surged 6.34% to 21,800.00 pesos, turning into the session’s prime performer.
Celsia SA added 2.55% to complete at 4,020.00 pesos, whereas Grupo Nutresa climbed 1.97% to achieve 126,600.00 pesos. Grupo Energía Bogotá and Banco de Bogotá additionally delivered robust performances, rising 4.3% and a couple of.3% respectively.
The power sector confronted challenges amid international pressures. Ecopetrol SA fell 1.43% to 1,725.00 pesos, marking it because the day’s greatest loser.
Cementos Argos and Grupo de Inversiones Suramericana’s most well-liked shares each declined 0.74%, closing at 10,720.00 and 37,680.00 pesos respectively.
Sector efficiency revealed a divided market surroundings. Client Staples led with a 5.09% acquire, adopted by Utilities at 4.40% and Supplies at 1.63%. In the meantime, Power suffered a major 6.25% drop, and Industrials fell 2.40%. Monetary shares edged down barely by 0.58%.
The Colombian market’s rise coincided with a world market rally fueled by constructive financial information. U.S. markets jumped after employers added 177,000 jobs in April, exceeding analyst expectations.
The S&P 500 climbed 1.47%, whereas the Dow Jones and Nasdaq gained 1.39% and 1.51% respectively. Potential thawing in U.S.-China commerce tensions additional boosted worldwide sentiment.
Colombian Market Edges Increased as World Sentiment Improves, Utilities Shine
Colombia’s broader financial indicators confirmed combined however usually enhancing situations. Inflation decreased to five.09% in March from the earlier 5.28%.
The central financial institution unexpectedly reduce its benchmark curiosity price to 9.25% in April, offering extra assist for equities. Unemployment additionally improved, falling to 9.60% from 10.30% beforehand.
Foreign money actions revealed underlying financial pressures. The USD/COP alternate price rose 0.48% to 4,252.50, whereas the BRL/COP elevated 0.80% to 751.94. The Colombian peso closed April with a 1.1% depreciation amid international danger aversion and falling crude oil costs.
From a valuation perspective, the Colombian market at present trades at a price-to-earnings ratio of 9.5x, with a market capitalization of Col$388.3 trillion. Analysts anticipate the COLCAP to commerce round 1,612.63 factors by the top of the second quarter and 1,528.58 inside 12 months.
Commodity costs affecting Colombia confirmed combined efficiency. Espresso futures dropped 0.53% to $382.60, whereas cocoa futures rose 1.96% to $8,914.00. Gold continued its robust run, rising 0.80% to $3,247.85 per troy ounce.
