The Mexican Stock Exchange (BMV) recorded new historical highs, on a day of reduced liquidity and without relevant economic data due to the end-of-year holiday period.
The relative stability of local markets was also attributed to the expectation that the Federal Reserve American could continue to reduce interest rates next year, while Bank of Mexico would pause its monetary softening cycle.
The benchmark S&P/BMV IPC stock index advanced a marginal 0.04% to 65,645.79 points, according to preliminary closing data, although in the morning it recorded a new maximum record of 65,882.59 units.
The session recorded a volume of just 23.1 million shares traded, well below the daily average of recent months, close to 200 million.
The mining titles Peñoles Industries rose 2.59% to 980.99 pesos driven by an appreciation of international prices of the silverfollowed by those of the telecommunications firm Megacablewhich added 1.70% to 52.09 pesos.
In the secondary debt market, the 10-year bond yield rose five basis points to 9.05%, the same as the 20-year rate, which ended at 9.61%.
