Thursday, Oct. 29, 2026 · Market close
Colombian stocks slipped on Thursday, October 29, 2026, and the peso softened ahead of a likely central-bank rate hike on Friday. The MSCI COLCAP fell 0.58% to 2,491.37, still below the 2,500 mark, as Ecopetrol dropped 2% with crude. For U.S.-based investors, the day’s key signal is Friday’s Banco de la República decision: a hike would widen Colombia’s rate advantage, typically supportive for the peso and for dollar returns on Colombian assets.
Top gainer: Terpel (+4.29%). Biggest decliner: Ecopetrol (−1.98%), also the most traded at COP 51.9 billion. Grupo Sura rose 1.3%. USD/COP traded 3,157–3,183 and closed at 3,169. Banco de la República decides Friday; surveys point to a 25-basis-point hike.
Winners and losers
The fuel distributor closed at COP 18,480, the day’s best performer.
The holding company rose to COP 74,460 on solid volume.
Closed at COP 2,725 on the day’s highest volume as crude eased. ADR: NYSE: EC.
The holding company fell to COP 20,200.
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| Exposure | Thursday in USD terms |
|---|---|
| Ecopetrol (local or EC ADR) | Down about 2%, plus a slightly weaker peso |
| Bancolombia/Cibest (CIB ADR) | Modestly lower; banks await the rate decision |
| iCOLCAP / broad Colombia | About −0.6% in pesos, a bit more in dollars |
| Peso cash or TES bonds | Small currency loss; a hike could lift the peso Friday |
The rate decision that matters Friday
Banco de la República announces its decision Friday after 1:00 p.m. local time. Surveys expect another 25-basis-point increase as October inflation likely kept rising. For foreign investors, a hike widens the gap versus U.S. rates, the engine of the carry-trade flows that have strengthened the peso about 20% this year. Markets are also watching the government’s fiscal “rescue” bill. See why the peso is so strong.
Fundamentals, charts, valuation and side-by-side comparisons of stocks, ETFs and funds worldwide, including Colombian ADRs. There is a free plan to start.
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COLCAP keeps failing to reclaim 2,500, and its biggest engine, Ecopetrol, rises and falls with oil. Weakness in holdings and banks ahead of the decision suggests investors already price higher-for-longer rates. For dollar-based holders, Friday is a currency event as much as an equity one.
What to watch Friday, Oct. 30
- Banco de la República decision after 1:00 p.m. COT.
- Nutresa third-quarter results.
- Wall Street reaction to Amazon and Intel; oil prices. See the Wall Street close.
Sources: TradingView (BVC), Valora Analitik, La República. Data for Thursday, Oct. 29, 2026.
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