Colombia Markets: COLCAP & the Peso — September 22, 2026

Colombia's COLCAP equity index saw a modest gain of 0.68% on Monday, September 21, 2026, as the country's peso slipped by 0.30% against the US dollar. The positive stock market performance was driven by a global rally in stocks, with little local catalysts to boost the momentum. The index, which has risen around 37% over the past year, remained above its 52-week range midpoint and continues its uptrend for the year.

Meanwhile, the peso weakened slightly, trading at 3,176 pesos per US dollar, indicating a modest depreciation. The day's market activity was largely influenced by global risk appetite, with US stocks and emerging markets benefiting from the risk-on sentiment. However, oil prices, which are a key component of Colombia's economy, experienced a decline of about 3%, causing concern about the impact on the peso and the energy-heavy index.

The COLCAP's rise above the 2,500 level provides a psychological support level, and the index has increased by 5.8% so far in September. Despite the minor dip in the peso, its overall strength remains significant, as it is still roughly 19% stronger than its weakest level of the past year.