Colombia Markets: COLCAP & the Peso — August 26, 2026
Key Facts
- Colombia’s main stock index, the COLCAP, slipped 0.09% to 2,508.47 points in a session with no real conviction either way.
- The Colombian peso weakened on Tuesday: the official TRM fixing computed from the session rose 0.82% to 3,081.67 per US dollar valid from Wednesday, though the dollar is still down almost 24% against the peso over the past 12 months.
- Oil, the market’s anchor, fell about 3% with Brent settling at US$89.18 a barrel after Iran and Oman agreed a temporary shipping corridor through the Strait of Hormuz.
- No individual Colombian share moves were verified for Tuesday’s session so the index move is the only confirmed domestic equity signal we can report.
- The COLCAP sits near the top of its 52-week range up about 6% in August and roughly 21% this year, a striking run in a country still digesting a major earthquake’s economic costs.
Today’s Focus
Colombia’s COLCAP slipped 2.25 points, or 0.09%, to 2,508.47 on Tuesday. It was a session that felt more like a pause than a judgment.
The peso did the moving: the official TRM fixing computed from Tuesday’s trading rose 0.82% to 3,081.67 per US dollar, valid from Wednesday, up from the 3,056.51 rate in force during the session. Even so, the dollar remains down almost 24% against the peso over the past 12 months, reflecting how much foreign capital has returned to Colombian assets.
Oil prices fell about 3%, with Brent settling at US$89.18 a barrel after Iran and Oman agreed a temporary joint shipping corridor through the Strait of Hormuz. With Ecopetrol — the state oil firm — the market’s bellwether, crude’s slide gives domestic investors a new input to weigh at Wednesday’s open.
No single stock move could be verified for Tuesday. The index’s tiny decline, after a big rally in recent sessions, reads as consolidation rather than fear.
What matters today. The peso’s weaker fixing and a flat COLCAP show a market resting near its highs, taking no outsized risk ahead of clearer oil or external signals.
01 The session in one read
Colombia’s main share index, the COLCAP — a basket of the most traded stocks on the Bogotá exchange — closed Tuesday at 2,508.47 points. That is a drop of just 2.25 points, or 0.09%, on a day when no single story had the muscle to move the whole market.
The peso did the heavy lifting. The Superintendencia Financiera’s TRM fixing computed from Tuesday’s session came in at 3,081.67 per US dollar, up 0.82% and valid from Wednesday. Even so, the dollar remains down almost 24% against the peso over the past 12 months, a reversal that would have seemed unthinkable early this year.
Oil, the central narrative for this market because of heavyweight Ecopetrol, fell about 3% — Brent settled at US$89.18 a barrel — after Iran and Oman agreed a temporary shipping corridor through the Strait of Hormuz, easing the supply fears that had propped up crude.
Investors seemed content to wait. The day’s small drift in the index suggests a market resting at altitude rather than climbing or falling with conviction.
The evidence points to a market digesting recent gains. The COLCAP is up about 6% this month and roughly 21% this year, trading near the summit of its 52-week range. A 0.09% pullback on quiet domestic news is textbook holding behaviour — not panic and not chasing. The variable to watch is oil: after Tuesday’s 3% slide on the Hormuz corridor deal, a further drop in crude would weigh on Ecopetrol and could pull the index lower.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| COLCAP index | 2,508.47 | −0.09% | Consolidation near 52-week highs |
| Peso TRM fixing (USD/COP) | 3,081.67 | +0.82% | Computed from Tuesday’s session, valid Wednesday |
| S&P 500 | 7,677.28 | +0.32% | US stocks ticked up, supporting risk appetite |
| VIX volatility gauge | 15.45 | −2.52% | Calm mood in global markets |
| Gold | ≈$4,620/oz | — | Little changed on the day |
The COLCAP’s 0.09% dip looks trivial next to its climb this month. Trading around 2,508, it is up about 6% in August alone and roughly 21% for the year — and about 35% over the past 12 months.
The peso’s new TRM fixing of 3,081.67, computed from Tuesday’s trading and valid from Wednesday, compares with the 3,056.51 rate in force during the session. Even after the slip, the dollar is down almost 24% against the peso over the past 12 months, a gap that shows how much investors have come to like Colombian assets again.
Meanwhile, the VIX — Wall Street’s fear gauge — fell 2.52% to 15.45, a level that signals global traders are not on edge. Rio Times · Live Market Intelligence
Live Market IntelligenceColombia — Live Market Board
Colombia — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
COLCAP
2,508.47
-0.09%
—
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 slides, so traders wait
Colombia’s market is anchored by oil. Ecopetrol, the state-controlled producer, is the most-traded name on the Bogotá exchange, so the price of crude frames how foreign and domestic investors think about local stocks.
On Tuesday, Brent crude fell about 3% to settle at US$89.18 a barrel after Iran and Oman agreed a temporary joint shipping corridor through the Strait of Hormuz, cooling the supply-risk premium that had supported prices. WTI crude settled near US$83.60, also down about 3%.
The peso’s weaker fixing also mattered. A softer peso tends to cushion export earnings but can unsettle foreign investors considering entry, since their returns shrink when the currency slides.
The session saw no major verified individual stock moves, suggesting the market’s largest participants were taking a breath after a long rally — not repositioning.
04 The day’s movers
| Driver | Level / Move | Change | Note |
|---|---|---|---|
| COLCAP index | 2,508.47 | −0.09% | Negligible move after big recent gains |
| Peso TRM fixing (USD/COP) | 3,081.67 | +0.82% | Softest domestic signal of the session |
| Oil (Brent) | $89.18/bbl | −3.01% | Hormuz corridor deal eased supply fears |
| US stocks | S&P 500 7,677 | +0.32% | Mildly supportive external backdrop |
No individual Colombian company moves could be independently verified for Tuesday, so discipline wins over drama here: the index and the currency are the only confirmed domestic signals.
The COLCAP’s tiny decline is the real headline. After a strong run, the market moved sideways rather than extend the advance, which is common when oil provides no new direction.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| Ibovespa | Brazil | +1.55% |
| IPC | Mexico | +0.79% |
| COLCAP | Colombia | −0.09% |
| IPSA | Chile | −0.76% |
| Merval | Argentina | +0.46% |
Brazil’s Ibovespa was the region’s star, rising 1.55% to 174,577 points, while Chile’s IPSA lagged with a 0.76% decline. Mexico’s IPC rose 0.79%. Colombia sat near the middle, down just 0.09%.
Those moves show how little common momentum there was across Latin America on Tuesday. Each market traded its own local story, with Colombia’s own simply being a pause.
06 The technical picture
The COLCAP at 2,508.47 is sitting near the upper reaches of its 52-week range, with the 2,500–2,550 zone acting as a crucial short-term band.
Holding above 2,500 after a gain of roughly 21% so far this year matters. It signals that buyers have not rushed to book profits even after such a strong stretch.
The peso’s move is also telling. The new TRM fixing of 3,081.67, valid from Wednesday, is the weakest official rate in several sessions, and traders will now watch whether spot dealing holds the 3,050–3,080 band or pushes higher. That will shape how foreign investors think about entry timing.
07 What to watch
- Oil price direction: After Tuesday’s 3% slide on the Hormuz corridor deal, a further drop in Brent would weigh on Ecopetrol and the COLCAP.
- Peso stability near 3,050–3,080: If the peso holds this band, foreign interest in local assets should remain steady.
- Ecopetrol trading volume: As the most-traded name, its activity often reveals whether institutions are buying the dips or sitting out.
- Earthquake economic cost: Reports of 30 trillion pesos in damage — about US$9.7 billion at the 3,081.67 TRM of August 26 — could shape fiscal and growth expectations in coming weeks.
Background: Grupo Argos Preferred Share Joins MSCI Small Cap Index After 14% August Climb.
Frequently Asked Questions
What is the COLCAP?
It is Colombia’s main share index, tracking the most liquid stocks listed on the Bogotá stock exchange.
Why did the peso weaken?
The official TRM fixing computed from Tuesday’s session rose 0.82% to 3,081.67 per US dollar, valid from Wednesday, up from the 3,056.51 rate in force during Tuesday’s trading.
Which stocks moved most?
No individual Colombian share moves were independently verified for Tuesday’s session, so the index move is the main signal.
Is Colombia’s market near a high?
Yes — the COLCAP is up roughly 21% this year and about 35% over the past 12 months, trading near the top of its 52-week range.
COLCAP — Market data: BVC and MSCI COLCAP via Investing.com; TRM fixing: Superintendencia Financiera de Colombia
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
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