Friday, June 5, 2026 · Covering Thursday June 4 session
Summary
The COLCAP eased 0.48% to 2,228.19 on Thursday June 4, a quiet down day that did little more than let the market catch its breath. It comes after a powerful run: shares jumped 3.6% a few sessions earlier when an outsider candidate surprised everyone by leading the first round of the presidential election, and the days since have been about digesting that leap rather than adding to it.
There was no bad news behind the dip. The market simply drifted within the range it has held since the election surge, giving back a small slice while staying comfortably above the floor it set during the rally. The Colombian peso, which jumped alongside stocks, has held onto most of its gains, and a firm currency is the clearest sign that foreign investors are still happy to keep money in the country.
What everything now waits on is the June 21 runoff. Investors cheered the first-round result because they read the leading candidate as friendlier to business than the left-wing alternative, but nothing is settled until the second vote. Until then the market is likely to drift, holding its gains while it waits to see whether the runoff confirms the more market-friendly turn it has been betting on.
