The Mexican Stock Exchange (BMV) registered an increase of 1.1% in its main index this Monday, reaching 49,493.56 units. This rebound occurred after the Mexican index suffered a fall of 1.62% last Friday. in a session marked by global gains.
The Mexican market ended 2024 with an accumulated loss of 13.72%, the most significant since 2018, influenced by political uncertainty.
“The capital market closed the session with gains among the main stock indices, with the exception of the Dow Jones, which registered a slight loss of 0.06%,” said the deputy director of Economic and Financial Analysis of Banco Base, Jesús Anacarsis López.
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He explained that the gains in the United States “are due to optimism in the technology sector market, highlighting Nvidia, which gained 3.43% in the session,” while the Nasdaq Composite gained 1.24% and the S&P 500 rose 0.55%.
In Mexicothe analyst specified, the Price and Quote Index (IPC), main indicator of the BMV, “closed the session with a gain of 1.1%“and added that inside the market The progress of the stations was highlighted: Banorte (+4.11 %), Mexico Group (+2.78 %), Walmex (+1.33 %), Pacific Airport Group (+1.56 %) y femsa (+0.94 %).
During the day, the peso appreciated 1.8% against the dollar, trading at 20.3 units per greenback.after being valued at 20.67 in the previous session, according to data from the Bank of Mexico.
The IPC closed the session at 49,493.56 units, with a gain of 536.32 points and a positive variation of 1.1% compared to the previous day.
The volume traded in the market reached 170 million securities for an amount of 12,065 million pesos (about 594.3 million dollars).
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Of the 565 firms that traded on the day, 238 ended with their prices rising, 307 had losses and 20 closed unchanged.
The titles with the greatest upward variation were from the media conglomerate Grupo Televisa (TLEVISA CPO), with 7.54%; of the Banorte Financial Group (GFNORTE O), with 4.11%, and the real estate developer Gicsa Group (GICSA B), with 3.91%.
In contrast, the largest downward variations were from the home equipment store chain Elektra (ELEKTRA), with -4.45%; of the chemical products marketer Cydsa (CYDSASA A) with -4.07%, and the Grupo Bursátil Mexicano (GBM O), with -4%.
YC