Colombia Stocks Rise 0.47% as Peso Slips | Colombia Market Report, Oct 20
Key Facts
- Colombia’s COLCAP stock index rose 0.47% on Tuesday, led by industrial, services and agriculture shares.
- Grupo Nutresa, the food group, rose 3.11% to COP329,960 (about US$104), the best performer on the index.
- The Colombian peso weakened: the dollar closed at COP3,163.59, COP7.27 above the official TRM rate of COP3,156.32, after trading between COP3,130 and COP3,199.
- Currency trading was heavy, with 2,212 operations worth about US$1.445 billion.
- Prediction markets: Polymarket prices the central bank’s October decision at 53.5% for no change and 39.0% for a 25 basis point rise (US$41,315 traded, 8:36 pm ET, 20 October).
Today’s Focus
Colombian stocks rose on Tuesday while the peso gave back ground. The COLCAP, which tracks the country’s most-traded shares, added 0.47%, according to Investing.com.
Grupo Nutresa led with a 3.11% gain to COP329,960. In the currency market the dollar closed at COP3,163.59, above the official TRM rate of COP3,156.32, a weaker peso.
For US investors, the split matters: local shares gained while the peso lost, so dollar returns were smaller than the index move suggests.
What matters today. Shares edged up, the peso slipped, and the central bank decision on 30 October is the next big test.
01 The session in one read
The COLCAP closed 0.47% higher on Tuesday. Industrials, services and agriculture shares led the advance, according to Investing.com.
Grupo Nutresa, a food and consumer group, was the best performer at COP329,960, up 3.11%. We could not confirm the other individual movers from the sources available.
Ecopetrol, the state oil company, has an ADR in New York that fell 0.51% to US$17.68, according to RT.
A 0.47% rise is small, and the lack of confirmed company detail limits what can be read into it. The peso’s weakness is the more telling signal, since it trimmed the gain for foreign holders. The next catalyst is the central bank’s rate decision on Friday 30 October.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| COLCAP | — | +0.47% | Industrials, services and agriculture led |
| Dollar close (COP) | 3,163.59 | +0.23% | COP7.27 above the TRM of 3,156.32 |
| Day range (COP) | 3,130 – 3,199 | — | Wide intraday swing of about 2% |
| Currency operations | 2,212 | — | About US$1.445 billion traded |
| Ecopetrol ADR (US$) | 17.68 | −0.51% | RT, New York listing |
The TRM, or Tasa Representativa del Mercado, is the official daily reference rate. It stood at COP3,156.32 on Tuesday.
The market closed 0.23% above it, a sign of modest dollar demand.
Live Market IntelligenceColombia — Live Market Board
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Colombia — Live Market Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| COLCAP | 2,533.22 | +0.47% | — | 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 — local shares and the peso
Shares rose on local strength, led by food and consumer names. The COLCAP gain was modest compared with Brazil’s 1.57% rally.
The peso swung widely during the day, from COP3,130 to COP3,199 per dollar. It closed nearer the middle of that range.
We could not confirm a single trigger for the move.
04 The day’s movers
| Driver | Level / Move | Change | Note |
|---|---|---|---|
| Grupo Nutresa | COP329,960 | +3.11% | Best performer on the COLCAP |
| Ecopetrol ADR (EC) | US$17.68 | −0.51% | New York listing of the state oil company |
Only the two movers above could be confirmed from primary or established sources on Tuesday evening. Other company moves are left out rather than guessed.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| Ibovespa | Brazil | +1.57% |
| S&P/BMV IPC | Mexico | +1.04% |
| S&P IPSA | Chile | −0.42% |
| COLCAP | Colombia | +0.47% |
| MSCI Merval | Argentina | −0.3% |
Colombia ranked third in the region on Tuesday, behind Brazil and Mexico.
06 The technical picture
The dollar’s range of COP3,130 to COP3,199 shows two-way trading. A close below the TRM would signal peso strength; a close above, as on Tuesday, shows demand for dollars.
The central bank’s policy rate stands at 12.25% after a 25 basis point rise on 30 September. The next decision is due on Friday 30 October.
07 What to watch
- Central bank decision on 30 October: Banrep meets on Friday 30 October with its rate at 12.25%.
- Currency demand: Heavy dollar trading, with about US$1.445 billion changing hands, shows how active the market is.
- The dollar against the TRM: A close above COP3,200 would mark a weaker peso.
- Nutresa and consumer shares: Follow-through would show whether local buying has momentum.
What Prediction Markets Say
Polymarket, a prediction market, prices the Bank of the Republic’s October decision at no change 53.5% and a 25 basis point rise 39.0%, with US$41,315 traded (8:36 pm ET, 20 October 2026). A rise of 50 basis points or more is priced at 5.8%.
These are bets, not polls. Kalshi is a US exchange regulated by the CFTC.
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.
Background: Colombia Stocks Fall 1.75% as Peso Firms.
Background: Colombia Stocks Slip 0.55% as Peso Firms.
More: Colombia news in English, every day from The Rio Times.
Frequently Asked Questions
How did Colombian stocks do on Tuesday?
The COLCAP rose 0.47%, led by industrial, services and agriculture shares, with Grupo Nutresa up 3.11%.
What is the TRM?
It is Colombia’s official daily dollar reference rate. On Tuesday it was COP3,156.32.
Did the peso strengthen?
No. The dollar closed at COP3,163.59, COP7.27 above the TRM, after trading between COP3,130 and COP3,199.
When is the next central bank decision?
The Bank of the Republic decides on Friday 30 October. Its policy rate is 12.25%.
Market data: RT; session reports from Investing.com and El Universal.
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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