COLCAP Slips 0.4% to 2,525 After a Fall | Colombia Market Report, Oct 8
Key Facts
- The COLCAP, Colombia’s main stock index, fell 0.37% to 2,525 points on Thursday 8 October, after Wednesday’s fall (Colombian market reports).
- The official dollar rate (TRM) was 3,238.88 pesos, up 22.87 pesos from Wednesday’s 3,216.01. The spot dollar closed lower at 3,216.81 pesos in Bogotá trading.
- The Colombian peso outperformed the global trend: the dollar rose elsewhere, but ended below its opening level in Colombia (El Universal).
- Ecopetrol’s New York shares rose 1.86% as oil jumped, while Bancolombia gained 0.41% and Grupo Aval fell 1.22% (RT).
- Prediction markets: Polymarket gives 55.5% to no change in the Central Bank’s October decision and 46.2% to a rise (US$34,600 traded, as of 8:23 pm ET, 8 October). Bets, not forecasts.
Today’s Focus
Colombian stocks slipped on Thursday 8 October. The COLCAP, the main index of the Colombia Stock Exchange (BVC), lost 0.37% to 2,525 points, extending Wednesday’s fall.
The peso did better than the index. The official dollar rate was 3,238.88 pesos, but the dollar closed in Bogotá at 3,216.81, below its opening level, even as the dollar rose elsewhere.
For a US investor, the picture is mixed: oil helps Ecopetrol, while higher US yields and a possible Fed rate rise weigh on emerging-market stocks.
What matters today. Stocks are still digesting Wednesday’s drop, while the peso holds up. The Central Bank’s October decision is the next local test.
01 The session in one read
The COLCAP closed at 2,525.45 points, down 9.45 points or 0.37%, according to Colombian market data. On Wednesday it had closed at about 2,535 after a fall. Our own feed shows 2,525.90 (-0.36%); we use the first figure.
The Representative Market Rate (TRM), the official reference set by the financial regulator, stood at 3,238.88 pesos per US dollar. The dollar traded between 3,208 and 3,248 pesos and closed at 3,216.81, according to El Universal.
Global feeds quoted the dollar higher later in the day: RT’s close was 3,246.74 pesos (+0.24%). The difference reflects different cut-off times.
A fall of 0.37% after Wednesday’s larger drop suggests selling is slowing. The currency’s resilience, against a stronger global dollar, helps importers and debt-heavy companies.
We cannot say from the available data which Colombian stocks led the fall. Domestic share-by-share data were not available to us at publication.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| COLCAP | 2,525 | -0.37% | After Wednesday’s fall |
| TRM (official) | 3,238.88 | +0.71% | Up 22.87 pesos |
| Spot dollar close | 3,216.81 | -0.67% | Below the TRM |
| Ecopetrol ADR (EC) | US$16.94 | +1.86% | Oil jumps |
| Colombia ETF (COLO) | US$48.47 | +0.85% | New York proxy |
| S&P 500 | 7,765 | -0.47% | Wall Street slips |
The RT calendar listed no Colombian economic release on 8 October. The country’s September inflation, 6.29% a year, was reported on Wednesday.
The spot close of 3,216.81 pesos is 20.07 pesos below the TRM, according to El Universal. The TRM is calculated from the previous day’s trades. Rio Times · Live Market Intelligence
Live Market IntelligenceColombia — Live Market Board
Colombia — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
COLCAP
2,525.90
-0.36%
—
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: oil, yields and the Fed
Colombian media tied the day to rising bond yields and inflation worries linked to energy prices. They also cited Middle East uncertainty, which lifted oil, and expectations of a possible Federal Reserve rate rise in December.
Higher oil is positive for Ecopetrol, the state-controlled oil company, whose New York shares gained 1.86%. A stronger global dollar and higher yields, however, weigh on emerging-market stocks.
04 The day’s movers
| Stock (NYSE) | Change | Note |
|---|---|---|
| Ecopetrol (EC) | +1.86% | Oil producer |
| Bancolombia (CIB) | +0.41% | Largest bank |
| Grupo Aval (AVAL) | -1.22% | Banking group |
Domestic share prices from the Colombia Stock Exchange were not available to us. The moves above are the New York listings (RT).
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| COLCAP | Colombia | -0.37% |
| Ibovespa | Brazil | +0.94% |
| IPC | Mexico | +0.52% |
| IPSA | Chile | +0.22% |
| Merval | Argentina | +0.30% |
| S&P 500 | United States | -0.47% |
Colombia was the only one of the five Latin American markets to fall on Thursday.
06 The technical picture
The COLCAP now sits near 2,525, after Wednesday’s slide. Traders will watch whether it can hold above 2,500.
The spot dollar’s intraday range of 3,208 to 3,248 pesos was wide. A close below the 3,200 area would show a firmer peso.
What Prediction Markets Say
On Polymarket, the market on the Central Bank of Colombia’s decision in October priced no change at 55.5% and a 25-basis-point increase at 35.0%. A rise of 50 basis points or more stood at 11.2%. In all, US$34,600 was traded (read at 8:23 pm ET on 8 October).
These prices are bets on a central-bank decision, not forecasts or polls.
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
- The October decision: Prediction markets give a rate rise a substantial chance; the Central Bank’s board meeting is the next local test.
- Oil: Ecopetrol and the peso follow crude; the Gulf hurricane and Hormuz tension are the swing factors.
- US yields and the Fed: A possible December rate rise in the US weighs on the peso and stocks.
- The 2,500 line: A COLCAP close below it would extend the correction.
Background: Peso Slips to 3,239 as Inflation Hits 6.29% | Colombia Market Report, Oct 7.
Background: Colombia Market Report, Oct 5.
Frequently Asked Questions
How did the COLCAP do on 8 October?
It fell 0.37% to 2,525 points, after a fall on Wednesday, according to Colombian market data.
What was the official dollar rate on 8 October?
The TRM was 3,238.88 pesos per US dollar, up 22.87 pesos. The spot dollar closed at 3,216.81 pesos.
Why did the Colombian peso outperform?
Colombian media said the peso ended below its opening level even as the dollar rose worldwide, helped by higher oil prices.
What do prediction markets expect from the Central Bank?
Polymarket priced no change at 55.5% and a 25-basis-point rise at 35.0% for the October decision as of 8:23 pm ET, 8 October. These are bets, not forecasts.
Market data: RT; dollar rates: El Universal, Colombian financial regulator; prediction markets: Polymarket (as of 8:23 pm ET, 8 October 2026)
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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