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The Mexican stock market gains 1.11% but closes the week with a loss of 2.93%

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The Mexican Stock Exchange (BMV) gained 1.11% this Friday in its main indicator, reaching 45,888.63 units, despite closing the week with a loss of 2.93%.

In Mexico, the Price and Quotation Index (IPC), the main indicator of the BMV, “closed the week with a loss of 2.93%, falling for the third consecutive week,” Banco Base analyst Alfredo Sandoval explained to Efe. .

He pointed out that “in these three weeks the IPC registers a loss of 6.07% and currently shows a decline of 19.58% with respect to its historical maximum, of 57,064.16 points, which it reached during the session on the 1st of april.

The specialist highlighted that the IPC “closed in ‘bear market’ territory in the sessions on Wednesday and Thursday, registering falls of more than 20% compared to the historical maximum.”

However, after the gain of 1.11% in the session on Friday, “the IPC managed to get out of the ‘bear market’.

In the week, Sandoval said, within the IPC only three stations managed to register gains: Megacable (+0.81%), Walmex (+0.62%) and Femsa (+0.19%).

On the other hand, the greatest losses were suffered by Grupo Carso (-10.81%), Operadora de Sites (-10.45%), Volaris (-10.15%), Peñoles (-8.91%), Televisa (- 7.65%) and Inbursa (-7.63%).

Despite the gain on this day, the IPC has accumulated a decline so far this year of 13.86%.

On the day, the peso appreciated 1.13% against the dollar, trading at 19.95 units per greenback at the close of the session, after trading at 20.18 pesos per dollar a day earlier, according to data from the Bank of Mexico.

The IPC closed the session at 45,888.63 units, with a gain of 504.78 points and a positive variation of 1.11% compared to the previous session.

The volume traded on the market reached 164.1 million titles for an amount of 11,426 million pesos (about 572 million dollars).

Of the 521 firms that listed on the day, 152 ended with their prices rising, 347 had losses and 22 closed unchanged.

The titles with the greatest upward variation were from the telecommunications firm Axtel (Axtel CPO), with 8.96%; the financial intermediary Unifin (Unifin A), with 6.06%, and the domestic products firm Kimberly Clark de México (KIMBER), with 3.14%.

In contrast, the largest downward variations were from the media company TV Azteca (Azteca CPO), with -3.72%; the home equipment marketer Grupo Famsa (GFAMSA A), with -2.31% and Grupo Cementos Chihuahua (GCC), with -2.07%.

On the day, all sectors gained, starting with the financial sector (1.39%), followed by frequent consumption (0.71%), industrial (0.53%) and materials (0.33%). ).


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