The Mexican stock exchange (BMV) closed trading on Tuesday with a strong profit. The local stock market advanced after a day of heavy losses, in a session with high volatility in which investors received the announcement of the ban on exporting Russian oil to the United States.
The referential index S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, closed the day with an advance of 1.86% to a level of 53,288.23 units. The FTSE BIVAthe main of the Institutional Stock Market (Biva), gained 1.89% to 1,097.56 units.
Within the benchmark index, most components ended the session in positive territory, with 23 stocks in red and 12 in green. The best behaviors in the index were the shares of Cemex, with 7.86%; Volaris, with 5.82%; GCC, with 4.83, and Grupo Televisa Unit, with 4 percent.
The market remains attentive to the progress of the conflict between Russia and Ukraine, while raw materials appreciate and investors try to anticipate the effects that this will have on inflation. Some analysts believe the stock is now being traded on a very short-term outlook.
