Colombia Markets: COLCAP & the Peso — July 9, 2026

Key Facts

COLCAP rose 0.81%, closing higher on July 8 as industrials, services and agriculture names led a broad advance on the Bogotá board

Grupo Nutresa led the gainers, up 4.33% to 311,380 pesos, with Grupo Bolivar adding 2.48% and Celsia rising 1.42%

Mineros was the worst performer, falling 5.08% to 15,320 pesos, alongside the exchange operator BVC down 4.94% and ETB off 3.85%

the peso firmed, with USD/COP quoted near 3,327 on the live board, roughly 14% below its 52-week high and hugging the strong end of its range

Brent surged about 5% to near $78, after Washington revoked Iran’s oil-sale waiver amid fresh Strait of Hormuz tensions, the macro anchor behind the session

Today’s Focus

Colombia’s benchmark broke out of its recent torpor on July 8, with the COLCAP up 0.81% as gains in industrials, services and agriculture pulled the board higher.

The engine was food-and-drink conglomerate Grupo Nutresa, up 4.33%, backed by insurer Grupo Bolivar and utility Celsia — a domestic, defensive cast rather than the energy heavyweights.

The macro backdrop was an oil shock: Brent jumped roughly 5% to near $78 after the US revoked Iran’s crude-export waiver amid renewed Strait of Hormuz tensions, a tailwind for a petro-linked market.

The peso stayed firm near 3,327 per dollar, still about 14% below its 52-week high, telling foreign desks that offshore money remains comfortable holding Colombian risk.

What matters today. A defensive, breadth-led advance — not an oil-name rally — lifted the COLCAP even as crude spiked, leaving the currency as the calmer signal.

01 The session in one read

Bogotá woke up on July 8, with the COLCAP — the MSCI benchmark of Colombia’s most liquid blue chips — closing up 0.81% after days of going nowhere.

The lift came from industrials, services and agriculture, not the state oil champion, so this was a broad, domestically driven session rather than a crude-fuelled one.

Overhanging everything was an oil shock out of the Gulf, where Brent leapt roughly 5% to near $78 — normally rocket fuel for a petro-market, yet here the advance was led elsewhere.

The peso told the calmer story, holding near 3,327 per dollar and signalling that foreign capital stayed put through the day’s geopolitical noise.

Assessment — A quiet, breadth-led lift, not a crude bet MEDIUM

The evidence is consistent: a sub-1% gain led by Nutresa, Bolivar and Celsia rather than energy names, set against an oil spike and a firm peso, points to a domestic, defensive advance rather than a leveraged crude bet. Turnover figures were not available in the proprietary scan and are shown as unquantified, so conviction on breadth is tempered — the variable to watch is whether the Hormuz-driven crude move sticks and starts to feed Ecopetrol and the wider energy weight.

02 The day’s numbers

Measure

Level

Change

Read

COLCAP (MSCI)

—

+0.81%

Breadth-led advance; industrials, services and agriculture higher

USD/COP (peso)

3,327

−0.78%

Peso firmer, ~14% below its 52-week high

GXG (US-listed proxy)

42.21

+0.31%

Different window than the Bogotá close

Brent crude

~$78

+5%

US-Iran oil shock — the macro anchor

Key level

2,320

—

Post-election ceiling bulls need to reclaim

The two headline gauges pointed the same way for once — equities up, peso firm — a supportive combination for dollar-based total returns.

At roughly 5% below its 52-week high, the COLCAP is consolidating in the band it carved after the presidential vote, with 2,320 the level the bulls still have to reclaim.

The live market board above carries the full instrument closes; the table here is a curated read, not a price dump.

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

Jul 9, 2026 · 04:01

MSCI COLCAP · benchmark

2,312.96

+0.81%

L 9.02day rangeH 9.05

Market breadth · 9 names

22% advancing

2 ▲ advancing7 declining ▼

Currencies, rates & key inputs

USD / COP

3,335

-0.10%

Brent crude

77.82

-0.26%

WTI crude

73.32

-0.27%

Sector heatmap · average move today

Energy

+3.00%

ECOPETROL

Industrials

+1.60%

TECNOGLASS

Other

-0.68%

BRENT, WTI, SOUTHERN COPPER

Financials

-1.33%

BANCOLOMBIA, GRUPO AVAL, CREDICORP

Mining

-1.90%

BUENAVENTURA

Latin America scoreboard

IndexLastTodayStrength

IbovespaBrazil

170,653

-0.79%

S&P/BMV IPCMexico

66,610

-0.10%

S&P IPSAChile

10,947

-0.71%

S&P MERVALArgentina

3,202,490

-0.67%

MSCI COLCAPColombia

2,312.96

+0.81%

BVL S&P PerúPeru

55,516.19

-1.10%

Full instrument board

InstrumentLastChangeYoYPrev.HighLowVolume

COLCAP

2,312.96

+0.81%

—

9.04

9.05

9.02

4,133

USD/COP

3,335

-0.10%

-17.66%

3,338

3,336

3,335

—

BRENT

77.82

-0.26%

+10.87%

78.02

79.38

77.54

4,557

WTI

73.32

-0.27%

+7.22%

73.52

75.13

73.00

32,936

ECOPETROL

15.13

+3.00%

+69.05%

14.69

15.41

14.90

2,360,803

BANCOLOMBIA

80.21

-1.07%

+77.96%

81.08

81.25

78.98

176,483

GRUPO AVAL

4.84

-1.63%

+68.06%

4.92

4.90

4.73

377,919

TECNOGLASS

43.94

+1.60%

-42.84%

43.25

44.05

42.13

197,898

CREDICORP

381.47

-1.29%

+69.83%

386.47

389.09

376.59

285,986

BUENAVENTURA

28.36

-1.90%

+72.93%

28.91

28.59

27.31

709,052

SOUTHERN COPPER

167.21

-1.50%

+73.45%

169.75

168.58

161.29

1,217,727

Largest moves today

ECOPETROL

15.13

+3.00%

BUENAVENTURA

28.36

-1.90%

GRUPO AVAL

4.84

-1.63%

TECNOGLASS

43.94

+1.60%

SOUTHERN COPPER

167.21

-1.50%

CREDICORP

381.47

-1.29%

BANCOLOMBIA

80.21

-1.07%

COLCAP

2,312.96

+0.81%

The session read

The MSCI COLCAP rose 0.81%, with breadth negative — 2 of 9 names higher. Energy led, while Mining lagged.

03 Why it moved — an oil spike and a defensive bid

The shared catalyst was crude, but Bogotá read it through its own lens. Brent surged about 5% to near $78 after Washington revoked the waiver allowing Iran to sell oil, following fresh attacks on vessels in the Strait of Hormuz.

For a petro-linked market that would usually mean an energy-led rally, yet the COLCAP’s gains came from Nutresa, Grupo Bolivar and Celsia — food, insurance and power, not oil.

That split matters: the advance rested on defensive, domestically facing names rather than the index’s dominant energy weight, suggesting a rotation into safety as much as a crude bet.

The firm peso reinforced the read — a currency near the strong end of its range is the signature of foreign money staying invested, not fleeing.

04 The day’s movers

Driver

Level / Move

Change

Note

Grupo Nutresa

311,380 COP

+4.33%

Food-and-drink conglomerate, the day’s top gainer

Grupo Bolivar

80,960 COP

+2.48%

Insurance and banking group

Celsia

5,010 COP

+1.42%

Power utility

Mineros

15,320 COP

−5.08%

Gold miner, the steepest fall

Bolsa de Valores (BVC)

15,400 COP

−4.94%

The exchange operator itself

ETB

75.00 COP

−3.85%

Bogotá telecoms

The mover board is the cleanest read of the day: the leaders were defensive, domestically facing names, while the sharpest falls sat in gold miner Mineros and the exchange operator BVC.

Turnover figures were not available in the proprietary scan and are shown as unquantified, so weight the percentage moves over any assumption about volume.

Nutresa’s 4.33% jump did the visible heavy lifting, but as a mid-weight name its impact on the close was more emblematic than decisive.

05 The regional scoreboard

Index

Country

Change

COLCAP

Colombia

+0.81%

Ibovespa

Brazil

−0.25%

S&P/BMV IPC

Mexico

—

S&P IPSA

Chile

—

S&P/BVL

Peru

—

Colombia stood out as a green spot in a mixed region, with Brazil’s Ibovespa easing 0.25% the prior session on the same oil-and-yields tension that lifted Bogotá.

The remaining regional closes are shown as “—” where not independently verified here; the live market board above carries the region’s closes in full.

06 The technical picture

The COLCAP is consolidating rather than trending, sitting roughly 5% below its 52-week high after the post-election churn.

The line in the sand remains 2,320 — the post-election ceiling that bulls need to reclaim to confirm a fresh leg higher.

On the currency, USD/COP near 3,327 keeps the peso about 14% below its 52-week high and inside a 3,332–3,887 band, close to its strongest in years.

The open question is whether the Hormuz-driven crude spike endures — a sustained move would eventually pull on Ecopetrol and the energy weight in a way July 8’s defensive tape did not reflect.

07 What to watch

Oil and Hormuz: whether Washington’s move on Iran’s exports sustains the crude spike — a lasting rise would finally engage Ecopetrol and the energy weight

The peso: USD/COP near 3,327 is the calmer gauge; any break weaker would signal foreign desks trimming Colombian risk

The 2,320 level: the post-election ceiling the COLCAP must reclaim to confirm a breakout from its consolidation range

Central bank path: with the policy rate near 12%, an oil-driven inflation scare complicates any easing and caps equity upside

Background: Colombia’s Stocks Hold Flat as the Peso Surges on Weak US Jobs Data.

Background: Colombia’s Market Slips as Ecopetrol Sinks While ETB Soars to a One-Year High.

Frequently Asked Questions

Why did the COLCAP rise if oil names didn’t lead?

The advance was breadth-led and defensive — Nutresa, Grupo Bolivar and Celsia did the work, a rotation into food, insurance and power rather than a bet on the energy heavyweights.

What happened to the peso?

USD/COP was quoted near 3,327, a firmer peso that sits roughly 14% below its 52-week high — a sign foreign money stayed invested.

What drove oil higher?

Brent jumped about 5% to near $78 after the US revoked Iran’s oil-sale waiver amid renewed Strait of Hormuz tensions.

What is the key level to watch?

2,320 — the post-election high the COLCAP has to reclaim to confirm a move out of its current consolidation range.

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