Key Points
- The peso stayed firm as the global dollar softened and Colombia’s carry remained attractive.
- Colombia’s Colcap held near year-end highs, but momentum cooled as holiday liquidity thinned.
- Traders face a split tape: USD/COP looks stretched on short timeframes, while equities still price a bullish 2025.
The Colombian peso opened Friday with the dollar near COP 3,723 per USD, after a late-December slide that left USD/COP pressing fresh lows in thin conditions.
The broader backdrop still favors the peso: the WSJ Dollar Index was reported at 95.68, near its recent lows, while Colombia’s policy rate remains high at 9.25%, keeping carry demand alive even as many desks run light into year-end.
The last full local session, Wednesday December 24, showed how quickly prices can move when liquidity disappears. Set-FX reported 875 trades and about $1.17 billion in turnover, with USD/COP trading roughly 3,690 to 3,740 before finishing around 3,738.
That tape matters because it frames the current level as a continuation of a strong COP trend, not a one-off print. Technicals argue for caution, not panic.
On the four-hour chart, USD/COP is deeply oversold, with RSI around 27 and a still-negative MACD, conditions that often invite short covering.
Daily and weekly readings are less extreme but still weak, suggesting any rebound may struggle unless the pair reclaims the mid-3,700s and then the 3,780–3,820 band.
In equities, the MSCI Colcap ended December 24 at 2,081.40, inside a 2,063.85–2,081.40 range, and still close to its 52-week peak near 2,123.58.
Momentum is mixed: the weekly chart remains strong, but the daily signals point to consolidation after a powerful year. Five winners and losers from the December 24 session captured the crosscurrents.
Winners: Banco de Bogotá (+4.28%), Grupo Nutresa (+4.13%), Grupo Cibest ordinary (+3.26%), Grupo Cibest preferred (+2.13%), and Grupo Argos (+1.93%).
Losers: Grupo Bolívar (-2.72%), ISA (-1.98%), Terpel (-1.32%), Corficolombiana preferred (-1.14%), and Grupo Sura (-0.91%).
The near-term driver remains flows, not headlines. With debt-management talk and fiscal optics in the background, Colombia’s market is rewarding stability and punishing uncertainty.
In the next real liquidity window, watch whether the peso’s strength holds without a weaker global dollar to hide behind.
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 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
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