In nine months the same amount of 2023 shares were traded in shares

The measures that the Government, the private sector and the Colombian Stock Exchange have been carrying out to give a little more liquidity to the Colombian capital market and prevent the country from being reclassified as a frontier market have generated a slight reaction in the volume traded in shares which in the first nine months of the year already exceeded the amount of 2023.

(Read here: Final departure of Ecopetrol board members raises doubts about the company)

At the end of the ninth month of the year, operations with variable income (shares) were carried out on the Stock Market for $15 billion, which compared to The $11 billion negotiated in the same period of 2023 represented an increase of 36%.

It should be noted that throughout 2023, a total of $13.5 billion were traded in shares on the BVC.
A report from the firm Acciones & Valores indicates that in the ranking of the most traded stocks, during September, Preferential Bancolombia is located, occupying first place, with a volume of $386.6 billion, It is followed by Cementos Argos with $279.7 billion and in third place is PEI with $137.8 billion.

(See here: Without New EPS data, EPS equity gap already exceeds $6 billion)

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In September, the local index experienced a decline, maintaining a downward trend that failed to reverse despite attempts in recent weeks. Operators were attentive to the rebalancing of the S&P Colombia Select (HCOLSEL), which included Grupo Bolívar and Mineros, boosting the appreciation of both assets. However, pressure on Ecopetrol limited the index’s potential optimism.

The firm says that in September, the MSCI Colcap fell -4.01% losing the previous month’s advance of 1.53%. However, during the first nine months it rose 6.96%.

Davivienda (9.08%), Terpel (5.37%) and Mineros (4.44%) were the most valued. On the contrary, the three most devalued stocks were Cementos Argos (9.86%), Grupo Sura (10.16%) and Canacol (13.54%).
This month, most stocks were in negative territory because the high volatility in the international market reduced investment appetite in local stocks where the risk is greater, the above,

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It is highlighted that Ecopetrol was ranked fourth among the stocks with the greatest losses, with a -8.52, driven mainly by the downgrade of the rating given to the company by JP Morgan.
The average daily trading volume in September was $75 billion, ranking above the previous month and a little below the same month in 2023.

In September, the stock market had a negative performance, returning to a downward trend that it had in previous months. According to our estimates, a volume of negotiation of $60,000 million, a figure below the real value ($78,000 million).

Stocks & Securities He said that with the above, for next month it is expected that liquidity will continue to increase, reaching transaction volumes close to $80,000 million per day.

In September, the real sector was a net buyer of local stocks with net purchases of $155,000 million, followed by foreigners with net purchases of $135,800 million. While, Pension and severance funds were the largest seller, with net operations of $211,000 million.

Natural persons made sales in Grupo Argos for $40,710 million), Cemargos ($12,820 million) and GEB ($8,780 million) and the purchases were concentrated in Bancolombia (pr) with $41,340 million.

HOLMAN RODRÍGUEZ MARTÍNEZ
Portfolio Journalist