The Mexican Stock Exchange (BMV) fell this Friday one 0.42 % in its main indicator, which was located in 49 thousand 596.7 unitsbut despite this it accumulated a weekly advance of 1.31 % to break a streak of three consecutive weeks closing negative.
In 2024, the Mexican market closed with a loss of 13.72 %the biggest drop since 2018due to political uncertainty.
“The capital market closed the week with mixed results among the main global stock indices. In the United States, losses were observed due to the publication of positive economic data, which generates speculation that the Fed could take more time to make additional cuts in the interest rate,” explained the deputy director of Economic and Financial Analysis of Banco Base, Jesus Anacarsis Lopez.
In Mexico, the analyst specified, the Price and Quotation Index (IPC), the main indicator of the BMV, “closed the week with a gain of 1.31% to snap a three-week losing streak.”
Inside, he added, the weekly profits of the stations stood out: Televisa (+5.41%), Grupo México (+5.19%), Walmex (+5.18%), Arca Continental (+5%) and Grupo Aeroportuario del Centro (+4.52%).
For his part, the director of Economic Analysis of the Actinver Financial Group, Enrique Covarrubias, pointed out that during Friday’s session “the CPI lost one 0.42 %“.
In this way, the index closed the week with a performance of 1.31 % and records an accumulated profit at the beginning of the year 0.2 %.
During the day, the peso depreciated 1.02% against the dollarwhen quoting in 20.7 units per greenbackafter being valued in the 20.49 in the previous sessionaccording to data from the Bank of Mexico.
The IPC closed the session in 49 thousand 596.7 unitswith a loss of 211.26 points and a negative variation of the 0.42 % versus the previous day.
The volume traded in the market reached 193.6 million titles for an amount of 17,196 million pesos.
Of the 575 firms that were listed on the day, 273 they ended with their prices rising, 279 They had losses and 23 closed without changes.
The securities with the greatest upward variation were those of the wood and paper products company TEAK (TEAK CPO), con el 13.46 %; from the real estate developer Grupo Gicsa (GICSA B), with 8.7%and the Frisco mining company (MFRISCO A-1), with 5.35%.
In contrast, the largest downward variations were from the Mexican Stock Exchange itself (BAG A), with -4.79%; from the domestic products company Grupo Vasconia (VASCONI), with -4.17%and the construction and infrastructure firm Operadora de Sites Mexicanos (SITES1 A-1), with -4.08%.
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