IBOV 171,497 ▲ 1.71% IPSA 10,741 ▲ 2.75% IPC MEX 66,977 ▲ 3.33% MERVAL 3,353,008 ▲ 6.34% COLCAP 2,350.77 ▲ 3.90% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.12 ▲ 0.42% USD/MXN 17.21 ▼ 0.21% USD/CLP 904.40 ▲ 0.23% USD/COP 3,490 ▼ 1.93% USD/PEN 3.40 ▼ 0.05% USD/ARS 1,432 ▼ 0.03% USD/UYU 40.67 ▲ 1.66% USD/PYG 6,120 ▲ 1.26% USD/BOB 6.86 ▲ 1.78% USD/DOP 58.53 ▲ 1.48% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.62 ▲ 2.18% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.67% USD/VES 581.23 ▲ 0.76% USD/PAB 1.00 ▲ 2.17% USD/BZD 2.00 ▲ 1.60% USD/JMD 157.59 ▲ 0.75% USD/TTD 6.72 ▲ 0.91% EUR/BRL 5.92 ▼ 1.02% BRENT 87.63 ▼ 3.04% WTI 84.95 ▼ 3.15% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.03% GOLD 4,228 ▲ 3.36% SILVER 66.98 ▲ 4.84% SOY 1,115 ▼ 0.02% CORN 411.00 ▼ 0.18% WHEAT 584.00 ▼ 0.47% COFFEE 249.65 ▼ 1.69% SUGAR 13.74 ▼ 0.36% ORANGE JUICE 166.00 ▼ 0.48% COTTON 76.41 ▲ 5.41% COCOA 3,797 ▲ 2.35% BEEF 242.63 ▼ 2.99% CATTLE 359.53 ▲ 1.45% LITHIUM 80.74 ▲ 5.49% PETR4 41.76 ▲ 0.26% VALE3 78.80 ▲ 1.42% ITUB4 40.50 ▲ 2.90% BBDC4 17.68 ▲ 2.43% ABEV3 16.64 ▲ 2.21% BBAS3 19.41 ▲ 2.16% B3SA3 15.44 ▲ 2.12% WEGE3 42.35 ▼ 0.09% PRIO3 62.05 ▼ 1.32% SUZB3 41.29 ▼ 0.39% RENT3 40.80 ▲ 4.29% AZZA3 17.51 ▲ 3.92% CSAN3 3.37 — 0.00% RAIZ4 0.43 ▼ 4.44% PCAR3 1.46 ▼ 5.19% GMAT3 4.12 ▲ 5.37% PSSA3 49.51 ▲ 2.12% CVCB3 1.32 ▼ 7.04% POSI3 3.53 ▲ 4.75% SLCE3 14.68 ▼ 1.41% NATU3 8.51 ▼ 1.96% BRKM5 9.75 ▲ 5.06% RANI3 7.95 ▲ 1.15% CSNA3 6.01 ▼ 0.50% CMIN3 4.34 ▲ 0.46% USIM5 10.85 ▼ 1.00% GGBR4 23.82 ▲ 1.66% ENEV3 24.40 ▲ 2.22% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 2.52% CMIG4 10.81 ▲ 0.75% EQTL3 38.89 ▲ 1.25% LREN3 15.39 ▲ 3.85% VIVT3 33.86 ▲ 1.80% RAIL3 13.49 ▲ 1.43% KLABIN 16.78 ▼ 0.47% RAIA DROGASIL 17.62 ▼ 0.79% RDOR3 34.04 ▲ 4.74% HAPV3 11.59 ▲ 1.58% FLRY3 15.16 ▲ 2.29% SMTO3 16.17 ▼ 4.32% UGPA3 24.98 ▼ 0.04% VBBR3 29.53 ▲ 0.72% BBSE3 37.80 ▲ 3.19% BPAC11 50.48 ▲ 2.60% CURY3 31.88 ▲ 5.21% AERI3 2.34 ▲ 1.30% VIVARA 21.21 ▲ 2.32% COMPASS 25.26 ▲ 1.49% VAMOS 2.94 ▲ 6.52% SANB11 27.17 ▲ 0.63% ASAI3 8.24 ▲ 0.49% SBSP3 27.85 ▲ 1.20% WALMEX 51.71 ▲ 2.99% GMEXICO 206.47 ▲ 4.06% FEMSA 221.48 ▲ 3.14% CEMEX 21.87 ▲ 6.01% GFNORTE 182.46 ▲ 4.19% BIMBO 58.33 ▲ 2.93% TELEVISA 9.88 ▲ 0.71% AMX 23.90 ▲ 8.05% GAP 398.57 ▲ 3.24% ASUR 284.32 ▲ 2.89% OMA 213.83 ▲ 2.38% KOF 184.42 ▲ 1.70% GRUMA 293.79 ▲ 1.30% KIMBER 36.52 ▲ 2.33% SQM-B 72,605 ▲ 6.77% COPEC 6,159 ▼ 0.46% BSANTANDER 72.44 ▲ 1.03% FALABELLA 5,970 ▲ 1.98% ENELAM 77.21 ▲ 0.27% CENCOSUD 2,180 ▲ 4.31% CMPC 1,040 ▲ 0.02% BANCO CHILE 178.25 ▲ 0.82% LATAM AIR 23.15 ▲ 6.68% YPF 83,700 ▲ 1.92% GGAL 8,270 ▲ 10.49% PAMPA 5,305 ▲ 5.36% TXAR 700.00 ▲ 2.34% ALUAR 1,027 ▲ 1.08% TGS 9,860 ▲ 6.14% CEPU 2,395 ▲ 4.81% MIRGOR 17,275 ▲ 3.29% COME 46.06 ▲ 4.80% LOMA NEGRA 3,743 ▲ 9.35% BYMA 304.00 ▲ 6.20% TELECOM ARG 4,755 ▲ 11.10% ECOPETROL 16.26 ▲ 0.31% BANCOLOMBIA 80.83 ▲ 6.54% GRUPO AVAL 5.38 ▲ 4.26% CREDICORP 368.38 ▲ 4.75% SOUTHERN COPPER 182.16 ▲ 8.58% BUENAVENTURA 32.76 ▲ 6.78% MERCADOLIBRE 1,610 ▲ 1.37% NUBANK 12.09 ▲ 4.04% XP 15.65 ▲ 4.75% PAGSEGURO 8.94 ▲ 4.56% STONE 11.25 ▲ 6.13% GLOBANT 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8,124 ▲ 4.63% JCI 6,008 ▲ 2.07% USD/JPY 160.16 ▲ 0.15% USD/CNY 6.7625 ▼ 0.19% DAX 24,630 ▲ 1.74% CAC 8,359 ▲ 1.93% FTSE 10,418 ▲ 1.11% MIB 51,497 ▲ 1.96% IBEX 18,708 ▲ 2.29% STOXX 631.39 ▲ 1.59% EUR/USD 1.1577 ▼ 0.04% GBP/USD 1.3410 ▼ 0.09% SPX 7,394 ▲ 1.75% DJI 50,849 ▲ 1.86% NDX 29,446 ▲ 3.29% RUT 2,921 ▲ 1.88% TSX 34,671 ▲ 1.52% VIX 18.78 ▼ 3.40% USD/CAD 1.3982 ▲ 0.16% US10Y 4.4630 ▼ 1.74% IBOV 171,497 ▲ 1.71% IPSA 10,741 ▲ 2.75% IPC MEX 66,977 ▲ 3.33% MERVAL 3,353,008 ▲ 6.34% COLCAP 2,350.77 ▲ 3.90% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.12 ▲ 0.42% USD/MXN 17.21 ▼ 0.21% USD/CLP 904.40 ▲ 0.23% USD/COP 3,490 ▼ 1.93% USD/PEN 3.40 ▼ 0.05% USD/ARS 1,432 ▼ 0.03% USD/UYU 40.67 ▲ 1.66% USD/PYG 6,120 ▲ 1.26% USD/BOB 6.86 ▲ 1.78% USD/DOP 58.53 ▲ 1.48% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.62 ▲ 2.18% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.67% USD/VES 581.23 ▲ 0.76% USD/PAB 1.00 ▲ 2.17% USD/BZD 2.00 ▲ 1.60% USD/JMD 157.59 ▲ 0.75% USD/TTD 6.72 ▲ 0.91% EUR/BRL 5.92 ▼ 1.02% BRENT 87.63 ▼ 3.04% WTI 84.95 ▼ 3.15% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.03% GOLD 4,228 ▲ 3.36% SILVER 66.98 ▲ 4.84% SOY 1,115 ▼ 0.02% CORN 411.00 ▼ 0.18% WHEAT 584.00 ▼ 0.47% COFFEE 249.65 ▼ 1.69% SUGAR 13.74 ▼ 0.36% ORANGE JUICE 166.00 ▼ 0.48% COTTON 76.41 ▲ 5.41% COCOA 3,797 ▲ 2.35% BEEF 242.63 ▼ 2.99% CATTLE 359.53 ▲ 1.45% LITHIUM 80.74 ▲ 5.49% PETR4 41.76 ▲ 0.26% VALE3 78.80 ▲ 1.42% ITUB4 40.50 ▲ 2.90% BBDC4 17.68 ▲ 2.43% ABEV3 16.64 ▲ 2.21% BBAS3 19.41 ▲ 2.16% B3SA3 15.44 ▲ 2.12% WEGE3 42.35 ▼ 0.09% PRIO3 62.05 ▼ 1.32% SUZB3 41.29 ▼ 0.39% RENT3 40.80 ▲ 4.29% AZZA3 17.51 ▲ 3.92% CSAN3 3.37 — 0.00% RAIZ4 0.43 ▼ 4.44% PCAR3 1.46 ▼ 5.19% GMAT3 4.12 ▲ 5.37% PSSA3 49.51 ▲ 2.12% CVCB3 1.32 ▼ 7.04% POSI3 3.53 ▲ 4.75% SLCE3 14.68 ▼ 1.41% NATU3 8.51 ▼ 1.96% BRKM5 9.75 ▲ 5.06% RANI3 7.95 ▲ 1.15% CSNA3 6.01 ▼ 0.50% CMIN3 4.34 ▲ 0.46% USIM5 10.85 ▼ 1.00% GGBR4 23.82 ▲ 1.66% ENEV3 24.40 ▲ 2.22% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 2.52% CMIG4 10.81 ▲ 0.75% EQTL3 38.89 ▲ 1.25% LREN3 15.39 ▲ 3.85% VIVT3 33.86 ▲ 1.80% RAIL3 13.49 ▲ 1.43% KLABIN 16.78 ▼ 0.47% RAIA DROGASIL 17.62 ▼ 0.79% RDOR3 34.04 ▲ 4.74% HAPV3 11.59 ▲ 1.58% FLRY3 15.16 ▲ 2.29% SMTO3 16.17 ▼ 4.32% UGPA3 24.98 ▼ 0.04% VBBR3 29.53 ▲ 0.72% BBSE3 37.80 ▲ 3.19% BPAC11 50.48 ▲ 2.60% CURY3 31.88 ▲ 5.21% AERI3 2.34 ▲ 1.30% VIVARA 21.21 ▲ 2.32% COMPASS 25.26 ▲ 1.49% VAMOS 2.94 ▲ 6.52% SANB11 27.17 ▲ 0.63% ASAI3 8.24 ▲ 0.49% SBSP3 27.85 ▲ 1.20% WALMEX 51.71 ▲ 2.99% GMEXICO 206.47 ▲ 4.06% FEMSA 221.48 ▲ 3.14% CEMEX 21.87 ▲ 6.01% GFNORTE 182.46 ▲ 4.19% BIMBO 58.33 ▲ 2.93% TELEVISA 9.88 ▲ 0.71% AMX 23.90 ▲ 8.05% GAP 398.57 ▲ 3.24% ASUR 284.32 ▲ 2.89% OMA 213.83 ▲ 2.38% KOF 184.42 ▲ 1.70% GRUMA 293.79 ▲ 1.30% KIMBER 36.52 ▲ 2.33% SQM-B 72,605 ▲ 6.77% COPEC 6,159 ▼ 0.46% BSANTANDER 72.44 ▲ 1.03% FALABELLA 5,970 ▲ 1.98% ENELAM 77.21 ▲ 0.27% CENCOSUD 2,180 ▲ 4.31% CMPC 1,040 ▲ 0.02% BANCO CHILE 178.25 ▲ 0.82% LATAM AIR 23.15 ▲ 6.68% YPF 83,700 ▲ 1.92% GGAL 8,270 ▲ 10.49% PAMPA 5,305 ▲ 5.36% TXAR 700.00 ▲ 2.34% ALUAR 1,027 ▲ 1.08% TGS 9,860 ▲ 6.14% CEPU 2,395 ▲ 4.81% MIRGOR 17,275 ▲ 3.29% COME 46.06 ▲ 4.80% LOMA NEGRA 3,743 ▲ 9.35% BYMA 304.00 ▲ 6.20% TELECOM ARG 4,755 ▲ 11.10% ECOPETROL 16.26 ▲ 0.31% BANCOLOMBIA 80.83 ▲ 6.54% GRUPO AVAL 5.38 ▲ 4.26% CREDICORP 368.38 ▲ 4.75% SOUTHERN COPPER 182.16 ▲ 8.58% BUENAVENTURA 32.76 ▲ 6.78% MERCADOLIBRE 1,610 ▲ 1.37% NUBANK 12.09 ▲ 4.04% XP 15.65 ▲ 4.75% PAGSEGURO 8.94 ▲ 4.56% STONE 11.25 ▲ 6.13% GLOBANT 36.42 ▼ 1.17% TECNOGLASS 43.80 ▲ 3.96% GAP AIRPORT 229.81 ▲ 3.64% ASUR 284.32 ▲ 2.89% OMA AIRPORT 99.20 ▲ 3.42% AMX ADR 27.66 ▲ 8.77% FEMSA ADR 128.36 ▲ 3.81% CEMEX ADR 12.70 ▲ 7.63% PETROBRAS ADR 18.24 ▲ 0.72% VALE ADR 15.36 ▲ 2.88% ITAU ADR 7.91 ▲ 3.81% SANTANDER BR 5.38 ▲ 1.80% AMBEV ADR 3.22 ▲ 3.54% CSN 1.21 ▲ 2.54% GERDAU 4.66 ▲ 3.10% LATAM ADR 51.47 ▲ 8.54% BTC 63,644 ▲ 0.13% ETH 1,674 ▲ 0.11% SOL 66.74 ▼ 0.12% XRP 1.14 ▲ 0.05% BNB 604.32 ▼ 0.12% ADA 0.17 ▲ 0.74% DOGE 0.09 ▲ 0.67% AVAX 6.65 ▲ 0.15% LINK 7.88 ▼ 0.00% DOT 0.97 ▲ 1.64% LTC 42.95 ▲ 1.04% BCH 204.40 ▼ 0.41% TRX 0.31 ▼ 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Friday, June 12, 2026

Colombia Election Watch

Colombia Election Turns Into a Fight Over Democracy Itself

By · June 12, 2026 · 4 min read

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Colombia · Politics

Key Facts

The date. Colombia holds its presidential runoff on June 21, with the winner taking office on August 7.

The contest. Right-wing lawyer Abelardo de la Espriella faces left-wing senator Iván Cepeda.

First round. De la Espriella led the May 31 vote with 43.7 percent to Cepeda’s 40.9 percent, on record turnout near 58 percent.

The flashpoint. The right has adopted the slogan of defending democracy after President Gustavo Petro and the left questioned the count.

The military. The defense ministry has held meetings to keep the campaign calm and free of hate speech.

The backdrop. The race follows the 2025 assassination of presidential hopeful Miguel Uribe Turbay.

With days to go, the Colombia election has become less a contest of policies than a battle over who gets to claim the mantle of democracy, in a country still raw from political violence.

Colombia election runoff between de la Espriella and Cepeda turns into a fight over democracy in June 2026
Colombia Election Turns Into a Fight Over Democracy Itself. (Photo internet reproduction)
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Nine days before Colombians choose a new president, the Colombia election has taken an unusual turn. The campaign’s loudest argument is no longer about taxes or security, but about democracy itself, and which side is defending it.

The runoff on June 21 pits the right-wing lawyer Abelardo de la Espriella against the left-wing senator Iván Cepeda. The winner will succeed President Gustavo Petro and govern until 2030.

How the Colombia election became a democracy fight

The flashpoint was the count itself. After the May 31 first round, Petro and figures on the left raised doubts about the preliminary tally, which the country’s electoral authorities rejected.

The right seized on those doubts and turned them into a rallying cry. De la Espriella told supporters he would not allow anyone to steal the will of the people, vowing to defend democracy by reason or by force.

His backers have amplified the message. Allies now frame a vote for him explicitly as a vote in defense of the democratic order.

It is a notable reversal of roles. The language of protecting democracy has often belonged to the left in Latin America, and the right’s embrace of it marks a sharp shift in tone.

A tense, closely fought race

The first-round result was close. De la Espriella led with 43.7 percent against Cepeda’s 40.9 percent, with turnout reaching a record of nearly 58 percent.

Because no candidate cleared the 50 percent needed to win outright, the top two advanced to the runoff. Polls suggest a tight contest, and the two campaigns’ own surveys disagree on who is ahead, so the outcome remains genuinely open.

For foreign readers, the two men offer starkly different paths. De la Espriella is a combative outsider promising rupture and a hard line on security, while Cepeda is a veteran of the governing left running on continuity with Petro’s project.

Why the rhetoric carries real risk

The heated talk lands in a country still grieving. Last year, the presidential hopeful Miguel Uribe Turbay was shot at a Bogotá rally and later died, a killing that shook Colombian politics.

That memory hangs over the campaign. Against it, claims that an election might be stolen, or pledges to defend a result by force, take on an edge they might not have elsewhere.

The security forces have stepped in to lower the temperature. The defense ministry has convened meetings under a plan aimed at keeping the vote peaceful and free of hate speech.

It has also drawn a careful line on outsiders. The ministry rejected any external pressure or interference in the process, stressing that Colombia’s political future is for Colombians alone to decide.

What investors are watching

Markets have a stake in the calm as much as the result. After the first round, the peso and shares in the oil company Ecopetrol rallied, with analysts reading de la Espriella as the more market-friendly option.

The bigger concern now is a contested outcome. A narrow result that one side refuses to accept would unsettle investors far more than a clear win for either candidate.

The foreign dimension adds another layer. US President Donald Trump has publicly backed de la Espriella, prompting Petro to warn against outside meddling, and that exchange has itself become part of the closing campaign.

Practical rules will shape the day too. Colombia usually imposes a temporary ban on alcohol sales around the vote, and residents can expect rallies and road closures in central Bogotá.

Frequently Asked Questions

When is the Colombia election runoff?

The second round is on June 21, 2026, between Abelardo de la Espriella and Iván Cepeda. The winner is inaugurated on August 7 for a four-year term ending in 2030.

Why is the campaign focused on democracy?

After the left questioned the first-round count, the right adopted the language of defending democracy as a campaign theme. Electoral authorities found no substantial irregularities in the vote.

Who is favored to win?

The race is close and no winner can be called. De la Espriella led the first round narrowly, but polls are tight and the campaigns’ own surveys point in different directions.

Connected Coverage

Colombia Heads to Runoff as De la Espriella Tops Cepeda in First Round

Colombia’s Peso and Ecopetrol Rally After First-Round Vote

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