Colombia Stocks Flat as Peso Slips 0.56% | Colombia Market Report, Oct 27
Key Facts
- The MSCI Colcap, Colombia’s main stock index, rose 0.06% to about 2,507 points, after Monday’s 1.38% fall.
- The US dollar closed at COP 3,147 on Tuesday, up 0.56% from Monday’s COP 3,130, so the peso weakened slightly.
- Ecopetrol, the state-controlled oil company, eased 0.63% in New York to US$17.29.
- Wall Street rose, with the S&P 500 up 0.60% and the Nasdaq up 1.18%.
- The next big driver is the US Federal Reserve, which announces its rate decision on Wednesday.
- Prediction markets: Polymarket, a prediction market, puts 54.0% on a 0.25-point rate rise by Colombia’s central bank at its October meeting, as of 27 October 2026, 9:00 pm ET.
Today’s Focus
Colombia’s stock market was almost flat on Tuesday. The MSCI Colcap, the country’s benchmark equity gauge, rose 0.06% to about 2,507 points, recovering a sliver of Monday’s 1.38% drop.
The peso gave back a little ground. The dollar closed at COP 3,147 (US$1), up 0.56%,.
Ecopetrol, Colombia’s state-controlled oil company, eased 0.63% to US$17.29 in New York. Traders are waiting for the US Federal Reserve decision on Wednesday.
The main takeaway: Colombian shares are steady after Monday’s fall, while the peso waits for the Fed.
What matters today. The Colcap’s calm surface hides a currency that is sensitive to the Fed and to oil.
01 The session in one read
Tuesday’s session in Bogotá was calm after Monday’s volatility. Equities barely moved, while the peso weakened slightly against the dollar.
The MSCI Colcap, the benchmark index that tracks Colombia’s largest listed companies, closed at about 2,507 points. That is a gain of 0.06%, essentially a flat session.
The currency market was a little busier. The dollar, quoted in Colombia as USD/COP, rose 0.56% to close at COP 3,147.
That matters for importers, fuel prices and anyone holding dollar-linked debt. For a country that imports much of its energy and consumer goods, a stronger dollar feeds directly into the cost of living.
Still, the move was small and left the dollar close to Monday’s level.
The move on Tuesday was small: the dollar had closed Monday at COP 3,130.
The evidence points to a market that is consolidating after a volatile Monday. The Colcap held near 2,500 for another session, and the peso gave back only a little.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| MSCI Colcap | ≈2,507 | +0.06% | Flat; holding near 2,500 |
| USD/COP (the peso) | 3,147 | +0.56% | Dollar edges higher; peso slightly weaker |
| USD/COP, Monday close | 3,130 | — | Previous session |
| S&P 500 (US benchmark) | 7,723 | +0.60% | Wall Street ticks higher |
| Ecopetrol (US-listed) | US$17.29 | −0.63% | State-controlled oil company |
The Colcap’s 0.06% advance is the very definition of a holding pattern. The index stayed near the 2,500 mark.
The peso’s 0.56% fall was small, and it came on a day when Wall Street rose.
Colombia is an oil exporter, so Ecopetrol is a key stock for the index. Rio Times · Live Market Intelligence
Live Market IntelligenceColombia — Live Market Board
Colombia — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
COLCAP
2,506.51
+0.06%
—
—
—
—
—
USD/COP
3,149
+3.06%
-18.02%
3,056
3,173
3,111
—
BRENT
109.58
-5.38%
+66.99%
115.81
111.92
109.00
34,268
WTI
100.12
-1.61%
+63.30%
101.76
102.82
99.77
201,568
ECOPETROL
17.36
-0.23%
+86.31%
17.40
17.71
17.22
402,817
BANCOLOMBIA
96.18
-0.23%
+68.95%
96.40
97.45
95.66
85,636
GRUPO AVAL
4.76
+0.42%
+13.67%
4.74
4.82
4.68
90,387
TECNOGLASS
37.99
-0.07%
-36.40%
38.01
38.14
37.61
35,541
CREDICORP
368.43
-1.49%
+43.59%
374.02
378.12
368.43
62,467
BUENAVENTURA
28.65
+0.72%
+33.16%
28.44
28.71
27.87
314,023
SOUTHERN COPPER
192.19
+3.32%
+50.65%
186.01
193.86
185.75
649,631
Live Company IntelligenceEcopetrol SA ADR — the full investor dossier
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Valuation & profitability
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$8.6752-wk high
$18.38
Revenue trend · 6y
Ownership
Dividend
03 Why it moved — waiting for the Fed
The peso’s move was modest and global factors dominated. Investors waited for the US Federal Reserve, which decides on interest rates on Wednesday.
When US interest rates stay high, investors have less reason to hold riskier currencies such as the Colombian peso.
Colombian stocks held up because most large names were little changed.
That kind of calm often follows a big move: on Monday the Colcap had fallen 1.38%.
The Colcap is packed with banks, utilities and energy companies, many of which earn in dollars or are protected against inflation.
Ecopetrol’s US-listed shares eased 0.63% as US oil funds fell.
04 The day’s movers
| Driver | Level / Move | Change | Note |
|---|---|---|---|
| Ecopetrol (US-listed) | US$17.29 | −0.63% | State-controlled oil company |
| MSCI Colcap | ≈2,507 | +0.06% | Benchmark index |
| USD/COP | 3,147 | +0.56% | Peso slightly weaker |
Two of Colombia’s bellwether stocks showed small gains on Tuesday. Grupo Sura, the Medellín-based insurance and financial conglomerate, rose 0.17% to 70,540 pesos with turnover of about 33.7 billion pesos.
Ecopetrol’s US-listed shares eased 0.63% while the Colcap held level after Monday’s drop.
No other large Colombian stock stood out in the data we could verify.
The Fed decision on Wednesday is the next test for Ecopetrol, banks and the peso.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| COLCAP | Colombia | +0.06% |
| Ibovespa | Brazil | −0.51% |
| IPC | Mexico | +0.35% |
| IPSA | Chile | +1.81% |
| Merval | Argentina | −2.6% |
Across Latin America, the picture was mixed. Chile’s IPSA jumped 1.81% and Mexico’s IPC rose 0.35%.
Brazil’s Ibovespa, the region’s largest market, fell 0.51%, and Argentina’s Merval fell about 2.6%.
Colombia’s Colcap sat near the middle of that range: stable, but not under pressure.
Latin American markets moved on their own local factors even with a calm US backdrop.
06 The technical picture
The Colcap at about 2,507 stays just above 2,500, a level that has acted as support in recent sessions. A sustained break below it would signal a shift in sentiment.
For the peso, Monday’s close of COP 3,130 and Tuesday’s COP 3,147 mark the near-term band to watch.
A move above 3,200 would suggest the dollar is regaining momentum, while a move below 3,100 would mean the peso is strengthening again.
For now, both the equity index and the currency are waiting for the next big trigger.
What Prediction Markets Say
On Polymarket, a prediction market, traders put the chance that Colombia’s central bank raises its benchmark interest rate by 0.25 percentage points at its October meeting at 54.0%. They see a 38.5% chance that it leaves the rate unchanged. About US$66,500 has been traded on this market, as of 27 October 2026, 9:00 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
- US Federal Reserve decision: The Fed announces its rate decision on Wednesday, which can move the dollar and the peso
- Oil prices: Colombia’s fiscal and trade balances still ride heavily on crude
- Ecopetrol: Oil prices and the stock’s direction set the tone for the Colcap
- Colcap near 2,500: A break below could trigger selling in index trackers
Background: Colombia Stocks Fall 1.38% as Peso Firms.
Background: Ecopetrol Plans Recovery Under New Chief.
Frequently Asked Questions
Why did the Colombian peso weaken on Tuesday?
The dollar rose 0.56% to COP 3,147 as investors waited for the US Federal Reserve decision on Wednesday.
Is the COLCAP a good barometer of Colombia’s economy?
Yes. It tracks the largest listed companies in Colombia, including banks, utilities and energy firms.
What does USD/COP mean?
It is the exchange rate between the US dollar and the Colombian peso, meaning how many pesos one US dollar buys.
Should I worry about the peso’s drop?
Not necessarily. The move on Tuesday was only 0.56%, which is small by emerging-market standards.
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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