Colombia Stocks Fall 1.38% as Peso Firms | Colombia Market Report, Oct 26
Key Facts
- The COLCAP fell 1.38% to 2,505.04, a one-month low for Colombia’s main stock index, as financial and utilities shares weighed on the session.
- The Colombian peso gained: the dollar closed near 3,130 pesos, its cheapest in over a month, and the official rate for the day (the TRM, set by the financial regulator) was 3,158.43.
- Ecopetrol, the state-controlled oil producer, rose 3.52% to 2,795 pesos (about US$0.89) in Bogotá, the standout gainer on a down day.
- Financial names led the retreat, with ETB down 4.72% and Banco Davivienda preferred shares off 2.58%.
- Brazil’s Ibovespa fell 13.88% after President Lula’s re-election, yet Colombia’s market lost only 1.38%.
- Prediction markets: Polymarket, a prediction market, puts 45.5% on an unchanged rate at Colombia’s October central bank decision, as of 26 October, 8:48 pm ET.
Today’s Focus
Colombia’s COLCAP index, the benchmark that tracks the country’s largest listed companies, closed Monday at 2,505.04, down 1.38% and at its lowest level in about a month. The drag came mainly from financial and public-utilities shares, which outweighed a strong day for oil producer Ecopetrol.
The peso gained even as Brazil’s currency collapsed. The dollar closed near 3,130 pesos, its lowest in more than a month, against about 3,145 on Friday, while the official rate for the day was 3,158.43.
Ecopetrol rose 3.52% to 2,795 pesos in Bogotá. Its US-listed shares moved the other way, falling 2.25% to US$17.40 as oil prices eased.
What matters today. Colombia felt the Brazilian shock far less than its neighbours, helped by a firmer peso and a rise in its biggest oil company.
01 The session in one read
Colombia’s stock market started the week on a defensive note. The COLCAP, the benchmark index of the country’s largest listed companies, closed at 2,505.04, down 1.38% and at a one-month low.
The peso, by contrast, strengthened. One US dollar bought about 3,130 pesos at the close, the lowest price in over a month, while the official rate for the day was 3,158.43.
The market was split. Financial and utility shares dragged the index lower, while Ecopetrol, the state-controlled oil producer, rose 3.52% to 2,795 pesos.
The sell-off in Brazil, where the Ibovespa fell 13.88%, did not spread in full. Colombia’s 1.38% drop was close to Chile’s 1.59% and milder than Argentina’s 3.0%.
The session split Colombia’s market in two: banks and utilities sold off, while the heavyweight oil company rose. With the COLCAP sitting just above the 2,500 level, a further fall in financials would test that support, and a retreat in oil prices would remove the index’s main cushion.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| COLCAP | 2,505.04 | −1.38% | One-month low |
| USD/COP | 3,130 | — | Peso firmer; cheapest dollar in over a month |
| Official rate (TRM) | 3,158.43 | — | Reference rate set for 26 October |
The COLCAP’s close at 2,505.04 puts it right above the 2,500 mark—a psychological line that traders watch closely. A break below could invite more selling.
The peso’s move stands out. At about 3,130 per dollar it was firmer than on Friday, when the dollar closed near 3,145, even as the dollar jumped 8.79% against the Brazilian real. Rio Times · Live Market Intelligence
Live Market IntelligenceColombia — Live Market Board
Colombia — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
COLCAP
2,505.04
-1.38%
—
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
03 Why it moved — financials sold, oil bought
Monday’s decline was driven by financial and public-utilities shares, which carry heavy weight in the COLCAP. When banks and utilities fall, the index struggles even if commodity stocks rally.
ETB, a telecommunications name, slumped 4.72% to 121 pesos. Banco Davivienda preferred shares fell 2.58% to 28,740 pesos, and financial firm Corficolombiana eased 1.35% to 20,420 pesos.
Ecopetrol’s 3.52% rise was the counterweight. Oil prices remain high, with Brent near US$116 a barrel, even after easing on Monday.
The wider backdrop was mixed: the S&P 500 rose 0.70% while Brazil’s market fell sharply. The US 10-year Treasury yield, the benchmark borrowing cost, stood near 5%, a level that keeps pressure on riskier assets.
04 The day’s movers
| Driver | Level / Move | Change | Note |
|---|---|---|---|
| Ecopetrol | 2,795 pesos | +3.52% | Standout gainer in Bogotá |
| Grupo Nutresa | 319,860 pesos | +3.29% | Food producer outperformed |
| Grupo Aval preferred | 780 pesos | +2.50% | Financial preferred shares caught a bid |
| ETB | 121 pesos | −4.72% | Sharpest fall on the session |
| Banco Davivienda preferred | 28,740 pesos | −2.58% | Lender under pressure |
| Corficolombiana | 20,420 pesos | −1.35% | Financial firm eased |
The gainers list was short but notable. Ecopetrol and Grupo Nutresa—a food processor—both rose more than 3%, suggesting selective buying in defensive and oil-linked names.
The losers were concentrated in telecoms and banks. ETB’s 4.72% slide made it the session’s weakest large stock, while Banco Davivienda preferred shares continued a recent soft run.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| COLCAP | Colombia | −1.38% |
| Ibovespa | Brazil | −13.88% |
| IPC | Mexico | −0.58% |
| IPSA | Chile | −1.59% |
| Merval | Argentina | −3.0% |
| S&P 500 | United States | +0.70% |
Colombia’s decline was part of a broader cautious tone in Latin America. Chile’s IPSA fell 1.59% and Mexico’s IPC slipped 0.58%, while the US S&P 500 gained 0.70%.
Brazil’s Ibovespa fell 13.88% after President Lula’s re-election, the steepest one-day drop since March 2020. Argentina’s Merval lost 3.0%.
06 The technical picture
The COLCAP’s close at 2,505.04 leaves it just above the 2,500 level that traders watch closely.
The peso’s technical picture is calmer. At about 3,130 per dollar, the currency is at its strongest in more than a month.
The near-term risk is that the COLCAP breaks below 2,500. Ecopetrol remains the key swing factor as long as oil prices stay high.
What Prediction Markets Say
On Polymarket, a prediction market, traders put the chance that Colombia’s central bank leaves its policy rate unchanged at its October decision at 45.5%. They see a 41.5% chance of a rise of 0.25 percentage points and 6.3% for a larger rise. About US$63,000 has been traded on this market, as of 26 October 2026, 8:48 pm ET.
Prices on prediction markets are bets, not polls or forecasts by officials.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
07 What to watch
- Brent crude direction: Ecopetrol is the COLCAP’s swing factor; a sustained drop in Brent would remove the index’s key support.
- The 2,500 COLCAP level: A break below this psychological floor could accelerate selling in the short term.
- Peso near 3,130: Whether the peso keeps its gains while the Brazilian real is under pressure.
- US Federal Reserve signals: Global rate expectations feed directly into emerging-market flows and Colombian financial shares.
Background: Ecopetrol Plans Recovery Under New Chief.
Background: Colombia Delays US$3.3 Billion of Debt.
Frequently Asked Questions
What is the COLCAP?
It is Colombia’s main stock index, tracking the most liquid shares on the Bogotá exchange. A fall of 1.38% means the average value of those big companies dropped by that amount.
Why did Ecopetrol rise on a down day?
Ecopetrol’s local shares rose 3.52% to 2,795 pesos while its US-listed shares fell 2.25%. Oil prices remain high, which supports the company’s earnings.
What happened to the Colombian peso?
The dollar closed near 3,130 pesos, its lowest in over a month, down from about 3,145 on Friday. The official rate for the day was 3,158.43.
Why do financial shares matter so much?
Banks and investment firms are among the most heavily weighted stocks in the COLCAP. When they fall, they pull the whole index down even if oil shares rise.
Market data: RT; exchange figures from the Colombia Stock Exchange (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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