Monday, Nov. 9, 2026. Colombian stocks posted one of their best sessions of the year. The MSCI COLCAP jumped 3.67% to 2,576.36, tracking the global rebound, while Grupo Sura closed at a record and Ecopetrol slipped 0.96% as oil tumbled, one day before its third-quarter results. In New York, Grupo Cibest (CIB) rose 2.75% and the COLO ETF 2.56%. The peso weakened to 3,269 per dollar.
ADRs and the COLO ETF
| Ticker | Company | Close (USD) | Change |
|---|---|---|---|
| CIB | Grupo Cibest (Bancolombia) | $94.91 | +2.75% |
| EC | Ecopetrol | $15.61 | +0.39% |
| AVAL | Grupo Aval | $4.34 | +0.70% |
| COLO | Global X MSCI Colombia ETF | $48.03 | +2.56% |
The ADRs rose less than their local shares because the peso weakened about 0.9% against the dollar, which trims returns for anyone measuring in dollars.
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- Banks and holding companies led: Corficolombiana, Grupo Argos, Grupo Aval and Grupo Cibest gained 4% to 6%.
- Grupo Sura closed at COP 83,000, a 52-week high, and is up about 51% in 2026.
- The COLCAP opened at 2,482.53 and closed almost at the day’s high, about 2% below its all-time high of 2,627.05.
Ecopetrol reports Tuesday
Ecopetrol (EC) publishes third-quarter results on Tuesday, Nov. 10, with a conference call on Wednesday, Nov. 11, at 9:00 a.m. Colombia time (9:00 a.m. ET). In its own operating update, the company estimated third-quarter net income of COP 4 trillion to 5 trillion, down from COP 6.06 trillion in the second quarter, on revenue of COP 33 trillion to 36 trillion and output of 740,000 to 750,000 barrels of oil equivalent per day. Watch for any dividend signals and how lower crude prices affect the fourth quarter.
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The peso weakened to 3,269 per dollar, 30 pesos weaker than Friday, as Brent fell 5.85% and the deputy finance minister warned that, without the government’s fiscal reform, external financing needs could reach $26 billion in 2027. The official rate (TRM) for Tuesday is 3,269.88. Even so, the peso is still about 14% stronger than in January. Read our Colombian peso forecast for 2027.
For dollar-based investors
- Two engines, one return: a U.S. investor in COLO or CIB earns the stock move plus or minus the currency move. In 2026 both worked in your favor: the COLCAP is up about 24% in pesos and the peso about 14% against the dollar.
- Oil cuts both ways: cheaper crude hurts Ecopetrol and the peso, but helps inflation and, eventually, interest rates.
- Fiscal risk is the wild card: Congress is debating a fiscal reform; the legislative session ends Dec. 16.
2026 scorecard: the biggest Colombian stocks
How the main COLCAP names have done so far this year, in pesos, as of the Nov. 9 close. For a dollar investor, add roughly 14% from the peso’s gain against the dollar since January.
| Company | Local ticker | Close (COP) | 2026 YTD |
|---|---|---|---|
| Grupo Sura | GRUPOSURA | 83,000 | +50.7% |
| Mineros | MINEROS | 22,600 | +46.0% |
| Ecopetrol | ECOPETROL | 2,575 | +36.6% |
| Grupo Cibest | CIBEST | 92,500 | +33.7% |
| Grupo Argos | GRUPOARGOS | 21,200 | +21.3% |
| ISA | ISA | 28,500 | +14.1% |
| Corficolombiana | CORFICOLCF | 20,600 | +13.1% |
| GEB | GEB | 3,095 | +3.5% |
| Grupo Aval (pref.) | PFAVAL | 736 | −4.3% |
| Celsia | CELSIA | 4,485 | −8.6% |
Want to own the whole market in one trade? The COLO ETF holds the main COLCAP companies; on the local exchange, the iCOLCAP ETF closed at COP 25,230 (+3.45%).
What’s next
- Monday night: Colombia’s statistics agency, DANE, releases October inflation; economists expect 6.38% year over year, up from 6.29%.
- Tuesday, Nov. 10: Ecopetrol results and U.S. October CPI at 8:30 a.m. ET. See the U.S. market close.
- Monday, Nov. 16: Colombian holiday; the local exchange is closed.
Bolsa al Día reports; we don’t recommend. This is not investment advice.
FAQ
How did the Colombian stock market close on Nov. 9, 2026?
The MSCI COLCAP rose 3.67% to 2,576.36, one of its best days of the year.
How did Colombian ADRs trade today?
Grupo Cibest (CIB) rose 2.75%, Ecopetrol (EC) 0.39% and Grupo Aval (AVAL) 0.70%. The COLO ETF gained 2.56%.
When does Ecopetrol report third-quarter 2026 earnings?
On Tuesday, Nov. 10, 2026, with a conference call on Wednesday, Nov. 11, at 9:00 a.m. Colombia time.
What is the dollar to Colombian peso rate today?
The dollar closed at 3,269 pesos on Nov. 9. The official TRM for Nov. 10 is 3,269.88.
Is the Colombian stock market open on Nov. 16, 2026?
No. Monday, Nov. 16 is a Colombian public holiday.
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