Colombia COLCAP Index is a market-capitalization weighted index that includes the 20 most liquid stocks listed in the BVC (Bolsa de Valores de Colombia). The market cap of the company represents the weighting on the index.

We can see trend has been variating over the months (2015) and currently its variation is negative.

The financial situation of companies, at least a good part of which are listed on the Bolsa de Valores de Colombia (BVC), remains positive and contrasts, in most cases, with the performance being recorded their actions in the past year. The explanation for this dilemma, consulted analysts agree, is that the market has overreacted to the current external and internal situation, and that while aspects such as devaluation of the peso, the drop in oil prices, weak economic growth and reform tax them are taking its toll on several companies in the country, its balance sheets still remain in positive territory. "It's hard to know which stocks have overreacted to this situation. What can not be overlooked is that these began to fall hard since last year. The first quarter of 2015 was terrible, being that companies have good financial results, but what he was doing the market was discounting the impact of the economic slowdown on the various sectors that make up the Colcap "said Omar Suarez, senior equity analyst Alliance Securities. Andrés Sánchez Franco, researcher Corpbanca Asset Management, "we are affected by market tends to overreact both positive and negative about companies. We are in a stage of negative overreaction. We think that companies are already very cheap and should start showing signs of recovery, but that depends on both internal and external factors that show a more positive outlook for foreign investors and greater confidence in the local ".