The Mexican Stock Exchange (BMV) lost this wednesday 2.08% in its main indicator, to be located in 50 thousand 394.03 unitsin a session in which he lost thousand 070 points thus breaking a streak of consecutive upward sessions.
For the global capital market, “heavy losses seen after strong gains in yesterday’s session, market sentiment turned negative on increased nervousness about economic growth and persistent inflation”explained Banco Base analyst Alfredo Sandoval.
In the case of Mexico, he said that the BMV’s Price and Quotation Index (IPC) “was also affected by the nervousness of a possible recession.”
The specialist pointed out that the decline recorded this day in the IPC “interrupted a trend of six consecutive sessions of gains.”
He highlighted that within the IPC, “31 of the 35 main stations that make up the index registered losses”, highlighting those of Pacific Airport Group (-6.07%), Banorte (-5.13%), Southeast Airport Group (-4.54%), Coca-Cola Femsa (-3.83%) and banregio (-3.78%).
While “the only issuers to post gains” in the session were Mexico’s Kimberly-Clark (+2.29%), America Movil (+1.6%), BMV (+1.57%) and Elektra (+0.46%)”.
With this decrease, the IPC accumulates a return so far this year of -5.4%.
On the day, the Mexican peso depreciated 0.45% against the dollar, trading at 20.05 units per greenback in the interbank market.
The IPC closed at 50,394.03 units with a loss of 1,070 points and a negative variation of 2.08% compared to the previous session.
The volume traded in the market reached 381.8 million titles for an amount of 22,414 million pesos.
Of the 670 firms that listed on the day, 147 ended with their prices rising, 502 had losses and 21 closed unchanged.
The titles with the greatest positive variation were from the service firm alternative financial (ALTERNA B), with 4.76%; the marketer of products for the home Famsa Group (GFAMSA A) with 3.55%, and the homebuilder Corpovael (CADU A), with 2.94%.
In contrast, the securities with the greatest downward variation were those of the company Value Financial Group (VALUEGF), with -11.65%; the airline Aeromexico (AEROMEX), with -9.84%, and the oil company View Oil & Gas (VIEW A), with -7.14%. On the day, all four sectors lost, led by industrials (-2.99%), followed by financials (-2.57%), frequent consumption (-1.9%) and materials (-1.31%).