The main stock index of the Colombian Stock Exchange (BVC), the MSCI Colcap, rose 1.08% yesterday to 1,977.47 points and consolidated its maximum value in 15 years.
In addition, it marked a valuation of 43.34% so far this year, one of the highest indicators in the world in 2025.
Read: Latam Airlines stock quadrupled and is the eleventh most valuable airline in the world
The Colcap indicator of Tuesday, October 28, it surpassed the 1,956 points reached in mid-November 2010, which was the highest. According to analysts, the local stock indicator has been registering a boost from international investors, the reduction in the price of the dollar and regional political and economic factors.
It must be remembered that the BVC’s main stock index had reached its lowest point in mid-2023.
Likewise, it should also be mentioned that due to devaluations, Colombian stock prices, which operate within an illiquid market, still remain at low averages compared to those of other countries in the region.
This means that on average the book value of Colombian shares has not yet reached its valuation in accordance with its price in the companies’ accounting books.
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However, Nutresa’s stock, which was the subject of a public takeover bid by the Gilinski Group, has registered a valuation greater than 14 times its book value.
Apart from the favorable global environment for emerging markets, at the Colombian level there has been a recovery in the financial indicators of the main Colombian companies, as well as the financial system.
Analysts such as Andrés Moreno Jaramillo consider that The Colombian stock market could still grow 40%.
See also: From Colombia and in pesos: this is how you can buy Microsoft shares
