Colombia’s Peso Firms Into Year-End While Stocks Pause Near Highs
Key Points
- USD/COP stayed under the official TRM as local dollar supply rose.
- The COLCAP held near highs, but momentum softened as trading thinned.
- Dividends drew bids; fiscal risk capped risk-taking.
USD/COP traded around 3,693 in early charts, below the 3,716.05 TRM. DXY was near 98. Friday’s session showed the driver. The dollar opened near 3,718, ranged from 3,685.10 to 3,735, and averaged 3,715.59 across 909 trades worth about $1.02 billion.
Juan Pablo Vieira, CEO of JP Tactical Trading, said year-end remittances and government monetization have been pushing dollar selling, in line with regional peers. A Fedesarrollo/BVC survey had end-December USD/COP near 3,850 (3,830–3,897).
Technicals are stretched: 4-hour RSI near 21.5; daily near 35. Support: 3,693 then 3,668. Resistance: 3,766, then 3,789–3,806.
MSCI COLCAP was about 2,081.6. Weekly RSI was near 71; the daily MACD was negative; the 4-hour view looked like consolidation.
Valora Analitik set support at 2,040 and resistance at 2,124, and said turnover was 28.098 billion pesos, down 61.5% from 73.0 billion pesos the prior day.
Top gainers: Grupo Bolívar +1.90% to 91,200; preferred Davivienda +1.82% to 25,680; preferred Corficolombiana +1.74% to 17,500; ICOLCAP +1.31% to 20,745; Grupo Sura +1.17% to 55,160.
Top decliners: Éxito -1.59% to 4,340; Cementos Argos -1.29% to 10,680; Celsia -1.01% to 4,900; Conconcreto -0.91% to 436; Mineros -0.89% to 15,520. Ecopetrol was the most-traded name at 1,800, with about 6.62 billion pesos in turnover.
Commodities: WTI $58.80; Brent $60.72; coffee $348.40; cocoa $5,945; gold futures $4,562.20. Davivienda approved a 1,048-peso cash dividend (511.078 billion pesos total) and a sustainability-linked bond program up to 300 billion pesos.
Canacol, under creditor protection, is set to be delisted from Toronto on December 29 after trading was suspended on November 18, and it could also lose its U.S. OTC listing.
Carry still helps, with Banco de la República holding 9.25% and survey expectations near 2.8% growth and 5.19% inflation.
But BBVA Research has flagged a central government deficit around 7% of GDP in 2025–26 and a primary deficit near 3.3% in 2025, keeping investors biased toward rule-bound policy over sudden interventions.
Live Market IntelligenceColombia — Live Market Board
Rio Times · Live Market Intelligence
Colombia — Live Market Board
+0.36%
166,334.86
-0.27%
64,301.04
+0.07%
11,186.57
+0.34%
2,891,651
-1.89%
2,461.23
+0.36%
58,401.58
-1.35%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| COLCAP | 2,461.23 | +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 |
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