Colombia Stocks Rise 1.07% as Peso Slips | Colombia Market Report, Oct 21
Key Facts
- The COLCAP, Colombia’s main stock index, rose 1.07% to 2,560.37 on Wednesday 21 October.
- The peso weakened about 1.1% to roughly 3,192 per US dollar at the local close.
- Grupo Nutresa, the packaged-food group, led the index with a 4.39% jump. Bancolombia’s New York shares rose 1.8%.
- Ecopetrol, the state-controlled oil producer, fell 2.49% in New York, the main drag on the index.
- Colombia was the second best of the five Latin American markets we track, behind Mexico (+1.4%) and ahead of Chile (+0.5%).
Today’s Focus
Colombia’s main stock index, the COLCAP, rose 1.07% to 2,560.37 on Wednesday 21 October. It was the second best performance among the five Latin American markets we track, behind Mexico.
Grupo Nutresa, the packaged-food group, gained 4.39% and closed at COP338,000 (about US$106). Bancolombia’s New York shares rose 1.8% to US$97.60.
The peso weakened about 1.1% to roughly 3,192 per US dollar at the local close, according to Infobae (3,192.49). The New York-hours reading in RT was 3,180, so the exact size of the fall depends on the time of day.
What matters today. Colombian shares rose while the peso lost ground, a reminder that gains in pesos can vanish in dollars.
01 The session in one read
The COLCAP, the index of the most liquid shares on the Bogotá exchange, rose 1.07% to 2,560.37. That follows a gain of 0.47% on Tuesday.
Nutresa was the best performer on the index at +4.39%. Ecopetrol, Colombia’s state-controlled oil company, fell 2.49% in New York to US$17.24.
The peso moved the other way. A dollar bought about 3,192 pesos at the local close, so a foreign investor’s gain of 1.1% in pesos was roughly cancelled out in dollars.
The index gain is confirmed, but the detail behind it is thin. Nutresa’s jump and Bancolombia’s rise explain part of the move, while Ecopetrol, a heavyweight of the index, pulled the other way. We could not confirm a news trigger for the day. The variable to watch is whether Ecopetrol stabilises, since it can cap the index.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| COLCAP | 2,560.37 | +1.07% | Second best of five markets we track |
| USD/COP (local close) | 3,192 | +1.07% | Peso weaker; RT New York-hours reading 3,180 |
| Bancolombia (NYSE) | US$97.60 | +1.80% | Largest bank ADR |
| Ecopetrol (NYSE) | US$17.24 | −2.49% | State oil company ADR |
| S&P 500 | 7,757 | +0.58% | US stocks rose |
The peso is far from its weakest level of the past year, when the dollar reached about 3,911 pesos in October 2025. The dollar is about 5% above its low of about 3,035 pesos, reached on 24 August 2026.
Colombia’s trade balance and imports figures were scheduled for the day, but our calendar carries no result, so we do not report them.
Live Market IntelligenceColombia — Live Market Board
Rio Times · Live Market Intelligence
Colombia — Live Market Board
-1.39%
203,276.70
-1.56%
70,249.54
+1.43%
10,792.54
-1.76%
3,017,221
—
2,524.78
-1.39%
59,561.23
-1.85%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| COLCAP | 2,524.78 | -1.39% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| USD/COP | 3,140 | +0.03% | -22.04% | 3,139 | 3,141 | 3,105 | — |
| BRENT | 88.88 | -0.03% | +34.42% | 88.91 | 90.07 | 88.12 | 29,713 |
| WTI | 83.11 | -0.11% | +31.57% | 83.20 | 84.35 | 82.40 | 166,848 |
| ECOPETROL | 16.92 | -0.53% | +98.01% | 17.01 | 17.05 | 16.79 | 737,591 |
| BANCOLOMBIA | 95.87 | -2.18% | +96.15% | 98.01 | 100.36 | 95.73 | 188,740 |
| GRUPO AVAL | 5.40 | +2.66% | +76.89% | 5.26 | 5.49 | 5.32 | 146,447 |
| TECNOGLASS | 42.30 | -1.10% | -48.04% | 42.77 | 42.73 | 42.05 | 60,908 |
| CREDICORP | 375.17 | -0.49% | +49.60% | 377.00 | 384.43 | 372.27 | 88,375 |
| BUENAVENTURA | 34.45 | -1.02% | +88.07% | 34.80 | 35.62 | 34.33 | 275,831 |
| SOUTHERN COPPER | 193.97 | -0.26% | +104.01% | 194.48 | 199.36 | 192.59 | 367,102 |
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03 Why it moved — food and banks up, oil down
Domestic names did the lifting. Nutresa gained 4.39%, and Bancolombia’s New York shares rose 1.8%.
Oil was the drag. Ecopetrol fell 2.49% in New York, which limited the index’s gain because Ecopetrol is a heavyweight of the COLCAP.
US shares were higher, with the S&P 500 up 0.6% and the Nasdaq up 1.1%. We could not confirm a single Colombian news trigger for the day’s rise.
04 The day’s movers
| Driver | Level / Move | Change | Note |
|---|---|---|---|
| Grupo Nutresa | COP338,000 | +4.39% | Packaged-food group; best on the index |
| Bancolombia (NYSE) | US$97.60 | +1.80% | Bank, New York shares |
| Ecopetrol (NYSE) | US$17.24 | −2.49% | State oil company, New York shares |
We list only the movers we could verify on the day. Local prices for Ecopetrol and the banks were not available in our data.
05 The regional scoreboard
| Index | Country | Change | |
|---|---|---|---|
| COLCAP | Colombia | +1.07% | |
| Ibovespa | Brazil | −0.86% | |
| S&P/BMV IPC | Mexico | +1.43% | |
| S&P IPSA | Chile | +0.54% | |
| BVL Perú | Peru | −0.52% |
Mexico (+1.4%) led the region, followed by Colombia and Chile (+0.5%). Brazil fell 0.9% and Peru 0.5%.
Argentina’s Merval also rose, but sources differ on the size of the gain, so we do not print a figure.
06 The technical picture
The COLCAP closed above Tuesday’s 2,533, which is the first level to hold if the advance stalls.
For the peso, 3,190 per dollar is the level to watch. A weaker peso trims returns for foreign investors, even when local shares rise.
07 What to watch
- Ecopetrol: Watch whether the oil company stabilises after a 2.49% fall in New York.
- The peso: Whether the dollar pushes further above 3,200 pesos.
- Trade data: The trade balance and imports were scheduled for 21 October; no result is available in our data yet.
- Nutresa: Whether the packaged-food group holds its 4.39% gain.
Background: Colombia Stocks Rise 0.47% as Peso Slips.
Background: Colombia Stocks Fall 1.75% as Peso Firms.
More: Colombia news in English, every day from The Rio Times.
Frequently Asked Questions
What is the COLCAP?
It is Colombia’s main stock index, a basket of the most liquid and most heavily traded shares on the Bogotá exchange.
Why did the peso weaken while shares rose?
The dollar bought about 3,192 pesos at the local close, up about 1.1%, while domestic shares gained. Gains in pesos can shrink in dollars when the currency falls.
Which stock moved the most?
Grupo Nutresa rose 4.39%, the best on the index. Ecopetrol fell 2.49% in New York.
Are there prediction markets on Colombia’s stocks or rates?
We found no active prediction market on Colombian stocks or interest rates on the evening of 21 October.
Market data: RT; exchange figures from BVC
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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