Key Facts
- Colombia’s COLCAP fell 1.25% to 2,528 on Thursday, giving back Wednesday’s 1.07% gain, as Ecopetrol, the state oil company, slid 1.64%.
- The peso weakened 0.52% to COP3,196.79 per US dollar, in line with a global sell-off in technology shares and other risk assets.
- Ecopetrol closed at COP2,700 (about US$0.84), down 1.64% in Bogotá; its New York shares lost 1.33% even though crude oil rose.
- Corficolombiana gained 2.87%, while Davivienda Group fell 2.58% and Grupo Sura 1.38%.
- Colombian stocks fell with the region: Chile’s IPSA lost 1.88%, Brazil’s Ibovespa 1.15% and Mexico’s IPC 1.25%.
Today’s Focus
Colombia’s stock market closed lower on Thursday, with the COLCAP index of Bogotá’s most-traded shares falling 1.25% to 2,528. The move followed a 1.07% rise in the previous session.
Ecopetrol, the state-controlled oil producer and the index’s heaviest member, fell 1.64% to COP2,700. Crude oil itself rose on Thursday, so the fall was company-specific and part of a wider risk-off mood: the Nasdaq lost about 2.6%.
The peso weakened to COP3,196.79 per US dollar, a 0.52% move, on RT data. The official reference rate (TRM) for the day was COP3,191.47.
What matters today. A weaker Ecopetrol and a softer peso on the same day show how closely Colombian markets follow the state oil company and global risk appetite.
01 The session in one read
The COLCAP, Colombia’s main stock index, which tracks the most-traded companies listed in Bogotá, closed at 2,528 on Thursday, down 1.25%, or roughly 32 points. The decline reversed the previous session’s 1.07% advance.
Ecopetrol was the single biggest weight on the board. It fell 1.64% to COP2,700 even though crude oil rose, with Brent above US$112 a barrel, so the pressure came from the company and from global caution rather than from the oil price.
The peso also lost ground, ending at COP3,196.79 per dollar. That is 0.52% weaker than Wednesday’s COP3,180.38, a move that fits a day when US technology shares fell sharply and investors cut risk in emerging markets.
Assessment — A heavyweight-led pullback MEDIUM
The COLCAP gave back Wednesday’s gain largely because its largest member, Ecopetrol, fell, while the peso weakened in step with global risk aversion. We cannot confirm a single local trigger for the Ecopetrol fall. The variable to watch is whether Ecopetrol recovers on Friday, because it will keep steering the index either way.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| COLCAP, Colombia’s main stock index | 2,528 | −1.25% | A fall of about 32 points, reversing Wednesday’s gain |
| USD/COP, pesos per US dollar | COP3,196.79 | +0.52% | Peso weaker; official TRM COP3,191.47 |
| Ecopetrol, Bogotá | COP2,700 | −1.64% | Heaviest index member |
| Ecopetrol, New York (EC) | US$17.01 | −1.33% | Fell although crude rose |
The COLCAP’s fall of 1.25% was the same size as Mexico’s IPC and a little smaller than Chile’s IPSA (−1.88%). It left the index below Wednesday’s close of 2,560.
The dollar bought COP16.4 more than on Wednesday on RT data. For a US reader, one US dollar buys about 3,197 pesos, so a Colombian peso is worth roughly US$0.0003.
Live Market IntelligenceColombia — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.
Rio Times · Live Market Intelligence
Colombia — Live Market Board
BVC · Bogotá
Oct 22, 2026 · 21:51
MSCI COLCAP · benchmark
2,528.42 -1.25%
L 9.02day rangeH 9.05
Market breadth · 9 names
11% advancing
1 ▲ advancing8 declining ▼
Currencies, rates & key inputs
USD / COP
3,140
+0.03%
Brent crude
88.88
-0.03%
WTI crude
83.11
-0.11%
Sector heatmap · average move today
Financials
0.00%
BANCOLOMBIA, GRUPO AVAL, CREDICORP
Other
-0.13%
BRENT, WTI, SOUTHERN COPPER
Energy
-0.53%
ECOPETROL
Mining
-1.02%
BUENAVENTURA
Industrials
-1.10%
TECNOGLASS
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil 204,120.12 -1.15%
S&P/BMV IPCMexico 69,370.40 -1.25%
S&P IPSAChile 10,780.31 -1.88%
S&P MERVALArgentina 3,017,221 —
MSCI COLCAPColombia 2,528.42 -1.25%
BVL S&P PerúPeru 59,561.23 -4.26%
Full instrument board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| COLCAP | 2,528.42 | -1.25% | — | 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 |
Largest moves today
GRUPO AVAL 5.40 +2.66%
BANCOLOMBIA 95.87 -2.18%
COLCAP 2,528.42 -1.25%
TECNOGLASS 42.30 -1.10%
BUENAVENTURA 34.45 -1.02%
ECOPETROL 16.92 -0.53%
CREDICORP 375.17 -0.49%
SOUTHERN COPPER 193.97 -0.26%
The session read
The MSCI COLCAP eased 1.25%, with breadth negative — 1 of 9 names higher. Financials led, while Industrials lagged.
Live Company IntelligenceEcopetrol SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
E
◆ Live Company Intelligence
Ecopetrol
NYSE: ECECOPETROLEnergyOil & Gas Integrated
$35.44B
Market cap
Analyst target $14.48
Wall Street view
2.4Reduce/ 5
0 Buy7 Hold4 Sell
Avg. price target $14.48 · -3% vs 200-day
Valuation & profitability
Market cap$35.44B
Revenue (TTM)$125.67T
P / E ratio9.4
Profit margin10.2%
Return on equity16.0%
Price & risk
52-wk low
$8.6752-wk high
$18.38
Beta (volatility)-0.04
200-day average$14.87
Revenue trend · 6y
20202025
Latest $111.48T
Ownership
Institutions1.4%
Shares outstanding2.06B
Top holderBlackRock Inc
Institutional holders5+ funds
Dividend
No regular dividend — earnings reinvested for growth.
What Ecopetrol does. Ecopetrol S.A. operates as an integrated energy company. It operates through four segments: Exploration and Production; Transport and Logistics; Refining and Petrochemicals; and Energy transmission and Toll Roads Concessions. The Exploration and Production segment engages in the exploration and production of oil and gas. The Transport and Logistics segment is involved in…
03 Why it moved: Ecopetrol and global risk
Ecopetrol dominates the COLCAP because it is the country’s largest listed company. When it falls 1.64%, it alone pulls the index down by a visible margin.
Global markets were weak. The S&P 500 fell 1.21%, and the Nasdaq fell about 2.6%, its largest daily drop since June. That kind of selling usually lifts the dollar against emerging-market currencies such as the peso.
US data did not offset it. Initial jobless claims fell to 194,000 against a forecast of 200,000 (RT economic calendar), a firm labour-market reading that kept US interest-rate bets high and the dollar supported.
04 The day’s movers
| Driver | Level / Move | Change | Note |
|---|---|---|---|
| Corficolombiana | — | +2.87% | Standout gainer |
| Davivienda Group | — | −2.58% | Deepest fall among the movers we verified |
| Cementos Argos | — | −1.77% | Building materials |
| Éxito | — | −1.41% | Retail |
| Grupo Sura | — | −1.38% | Holding company |
The movers show a selective market. Corficolombiana, a financial holding group, gained 2.87% even as the index fell, while Davivienda Group, one of the country’s largest banks, lost 2.58%.
We could not verify closing prices for Bancolombia, ISA or GEB, so we do not report them.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| COLCAP | Colombia | −1.25% |
| IPSA | Chile | −1.88% |
| IPC | Mexico | −1.25% |
| Ibovespa | Brazil | −1.15% |
| Merval | Argentina | −1.5% |
Every major Latin American index closed lower on Thursday, so Colombia’s fall was part of a regional move, not a local one. Argentina’s Merval now runs on a new MSCI-based methodology.
06 The technical picture
The COLCAP closed at 2,528, below Wednesday’s 2,560.43. A close back above 2,560 would show that buyers have returned; until then the index sits under that level.
The peso moved from COP3,158.82 on Tuesday to COP3,180.38 on Wednesday and COP3,196.79 on Thursday, a steady weakening of about 1.2% over two sessions.
07 What to watch
- Ecopetrol: A rebound in the state oil company would lift the COLCAP quickly; further falls would keep the index under pressure.
- Peso near COP3,200: A move above this level would show that global risk aversion is spreading to Colombian assets.
- US technology shares: Another sell-off on Wall Street would keep emerging-market currencies under pressure.
- US interest-rate bets: Strong US data supports the dollar and weighs on the peso.
Background: Colombia Stocks Rise 1.07% as Peso Slips.
Background: Colombia Stocks Rise 0.47% as Peso Slips.
Frequently Asked Questions
What is the COLCAP?
It is Colombia’s main stock index, tracking the most-traded shares listed on the Bogotá exchange, with heavy weight in oil and financial names.
Why did Colombian stocks fall on 22 October?
The COLCAP fell 1.25% as Ecopetrol, its largest member, lost 1.64% and global investors sold risk assets, with the Nasdaq down about 2.6%.
What happened to the Colombian peso?
It weakened 0.52% to COP3,196.79 per US dollar on RT data, as the dollar gained on global caution.
Which Colombian stocks moved the most?
Corficolombiana rose 2.87%, while Davivienda Group fell 2.58%, Cementos Argos 1.77%, Éxito 1.41% and Grupo Sura 1.38%.
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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