Colombia stocks surge at close as COLCAP gains 4.02 percent
Colombia's benchmark COLCAP index closed 4.02 percent higher, one of the region's strongest single-session moves. Bank and energy stocks led the gains. Higher oil prices and investor optimism around the election calendar drove the rally.
Investing.com reported that the Colombia Stock Exchange's COLCAP benchmark closed at 1,707 points, a gain of 4.02 percent. The move was one of the strongest single-session percentage advances of the year.
Energy giant Ecopetrol closed up more than 6 percent, while bank stocks Bancolombia and Davivienda gained between 3 and 5 percent. Brent crude moving above $80 a barrel adds upward pressure to Colombia's export earnings. Foreign investor interest has also picked up as the May 2026 election calendar becomes clearer.
Analysts said the COLCAP is up around 18 percent year to date, though the Colombian peso remains weak against the dollar. Data compiled by Reuters showed inflows into three dedicated country funds exceeded $250 million over the past three trading days.
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