Stock trading in Colombia grew more than 70 percent last year

The Colombia Stock Exchange held its Investor Day with Grupo Sura, Cementos Argos and ISA. Andrés Restrepo Montoya reported on the rise in stock trading and market valuation.

The event took place on June 4, 2026 in Bogotá. Andrés Restrepo Montoya, general manager of the Colombia Stock Exchange, noted that local stock trading rose more than 70% in the past twelve months. The MSCI COLCAP index recorded a 50% valuation in the same period. Company representatives presented their strategies. Juan Esteban Toro Valencia, CFO of Grupo Sura, highlighted the focus on financial services and a dividend target of 3,000 pesos per share for 2028. Natalia Ochoa, CFO of Cementos Argos, detailed that 60% of EBITDA comes from Colombia and set the goal for the United States to represent 50% by 2030. Carlos Castro of Aval Casa de Bolsa commented on ISA. The company plans investments of up to 33 trillion dollars by 2040, mainly in energy transmission. More than 90% of its revenues are backed by ten-year contracts.

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Realistic illustration of Colombia's economic growth with marketplace consumption, public spending, and signs of declining sectors for a news article.
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Colombian economy grows 2.2% in first quarter of 2026

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The Dane reported that Colombia's GDP rose 2.2% in the first quarter of 2026, below the 2.5% recorded a year earlier. Growth was driven mainly by public spending and household consumption, while sectors such as construction and agriculture posted declines.

Grupo Sura's General Shareholders' Assembly, with over 70% quorum, approved the distribution of $655.411 million in earnings, including a $2,000 per share dividend marking a 33% annual increase. Company president Ricardo Jaramillo highlighted the group's strong financial results. The new Board of Directors was also formed until 2028.

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Bancolombia announced a $650 billion loan to Grupo Sura tied to sustainable performance indicators. The loan rewards the company's high maturity in ASG practices. Key metrics are verified by third parties to adjust financial terms.

Cementos Argos shareholders' assembly approved the new Board of Directors for 2026-2028, featuring four proprietary members and three independents. Jorge Mario Velásquez, Carlos Gustavo Arrieta, and Alejandro Piedrahíta were honored as they end their terms. Dividends and a share repurchase program renewal were also approved.

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Grupo Aval held its ordinary shareholders' assembly on Friday, highlighting 69.6% profit growth at the end of 2025 to $1.72 trillion. President María Lorena Gutiérrez warned of macroeconomic challenges, including projected inflation of 6.5% by year-end and interest rates reaching 11%. Shareholders approved $755 billion in dividends.

In the latest update in Colombia's Monthly ISE Reports series, the Indicador de Seguimiento a la Economía (ISE) for February 2026 grew 1.65%, according to Dane—marking the second consecutive month below 2%, following January's 1.55%. Tertiary activities led with 2.55% growth, offsetting a 2.08% drop in primary sectors.

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Cementos Argos S.A.'s board approved capitalizing Argos North America Investments LLC, a newly formed Delaware entity fully owned by the company, with $396 million. The move aims to support consolidation and growth of its US operations through reinvestment of subsidiary dividends.

 

 

 

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