Tuesday, Nov. 3, 2026 · Colombia’s first session on New York hours (9:30 a.m.–4:00 p.m. ET) · By Juan Reina.
Key takeaways for dollar investors
- COLCAP +1.47% to 2,527.66 in the first session after Monday’s holiday and Friday’s surprise rate hold at 12.25%.
- Grupo Sura +4.56% hit a 52-week high; Grupo Cibest (the Bancolombia holding) rose 3.05% locally.
- Ecopetrol −3.06% locally, catching up with Monday’s oil plunge; its NYSE ADR (EC) bounced 2.29%.
- The peso slipped 1.35% to 3,237 per dollar — so in dollar terms the COLCAP gained only about 0.1%. That gap explains why COLO fell 0.82% while local stocks rallied.
Local gains vs. dollar returns
For U.S.-based investors, Tuesday was a textbook example of currency drag: the index rose 1.47% in pesos, but the dollar rose 1.35% against the peso, leaving a near-flat return in dollars. Over 2026 the picture is far better — the COLCAP is up 22% in pesos and the peso has strengthened about 15%, a double tailwind for dollar holders.
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What moved the peso
The peso weakened on caution ahead of the U.S. midterms, a firmer global dollar, Iranian rhetoric on the conflict with the U.S., and expectations of fewer dollars in the market after the central bank bought $2 billion from the government. It traded between 3,216.50 and 3,255 with about $1.05 billion in volume. Read why the peso is so strong in 2026.
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Try Koyfin → · Affiliate linkEcopetrol and Cibest ahead of earnings
Grupo Cibest reports third-quarter results this week, and Ecopetrol on Nov. 10. Both are covered in our guides: Ecopetrol (EC) dividend 2026 and Bancolombia/Cibest (CIB) dividend and taxes.
FAQ
How did the Colombian stock market close on Nov. 3, 2026?
The MSCI COLCAP rose 1.47% to 2,527.66, led by Grupo Sura (+4.56%), while Ecopetrol fell 3.06%.
How many pesos is one dollar today?
About 3,237 pesos, the Set-FX average close on Tuesday, Nov. 3, 2026, up 43 pesos from Friday.
What are Colombian stock market hours in Eastern Time?
Since Nov. 3, 2026, 9:30 a.m. to 4:00 p.m. ET, the same as New York.
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