The Mexican Stock Exchange (BMV) went back this Monday 0.51 %its indicator was located at 52 thousand 510.13 unitsbut despite this it managed to close the third quarter of 2024 with a slight advance in the 0.07 %after ending the first two quarters with losses.
“The capital market closed the quarter with widespread gains globally. The quarter’s performance is due to the slowdown in inflation in the United States and the cooling of the labor market, which led the Fed to cut the rate by 50 basis points. of interest in September,” explained the director of Economic and Financial Analysis of Banco Base, Gabriela Siller.
In Mexico, the specialist pointed out, the Price and Quotations Index (IPC)the main indicator of the BMV, “closed the quarter with a slight gain of 0.07%, snapping a two-quarter losing streak.”
He indicated that within the CPI mixed results were observed, where 16 of the 35 stations fell in the quarter, highlighting: Orbia (-22.01%), Qualitas (-17.19%), Banco del Bajío (-17.1%), Banregio (-16.27%), Alsea (-14.87%), GCC (-14.03%), Megacable (-11.22%) and Liverpool (-10.22%).
For his part, the director of Economic Analysis at Grupo Financiero Actinver, Enrique Covarrubias, indicated that this Monday “the CPI registered a drop of -0.51%”
With this movement, the index closed the month with an advance of 0.95 %while the accumulated loss so far in 2024 was located at -8.6 %.
During the day, the peso did not register a percentage change against the dollar, trading in 19.69 units per greenbackthe same as last Friday, according to data from the Bank of Mexico.
The IPC closed the session in 52 thousand 510.13 unitswith a loss of 268.04 points and a negative variation of the 0.51 % compared to the previous day.
The volume traded in the market reached 291.3 million titles for an amount of 17,522 million pesos.
Of the 561 firms that listed on the day, 225 they ended with their prices rising, 308 They had losses and 28 They closed without changes.
The securities with the greatest upward variation were from the telecommunications services firm Axtel (AXTEL CPO), con el 9.44 %; of the Mexican Restaurant Corporation (CMR B), with 5%and the telecommunications services firm Controladora Axtel (CTAXTEL A), with 4.03%.
In contrast, those with the greatest downward variation were from the oil and gas explorer Vista Oil & Gas (VIEW A), with -8.6%; from the home builder Corpovael (CADU A), with -5.71%and the mining company Industrias Peñoles (PEÑOLES), with -3.84%.
MF