The Mexican stock exchange (BMV) trades at a loss in Monday’s trading. The local stock market fell for the third consecutive day after comments from the Kremlin that stifled hopes of a meeting between the presidents of the United States and Russia to talk about Ukraine.
The index reference S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, lost -0.53% to a level of 52,005.96 units. The index FTSE BIVAthe main of the Institutional Stock Market (BIva), fell -0.54% to settle at the level of 1,073.88 units.
Within the benchmark index, most components are trading at a loss, with 19 stocks in red, 10 in green and six unchanged. The worst performances of a session with few movements due to a holiday in the United States are GAP, with -3.38%, and the giant América Móvil, with -1.46 percent.
“Investors remain highly conditioned by geopolitical tension,” commented analysts at local CI Banco in a report. The Kremlin denied having French President Emmanuel Macron announce a summit on Ukraine between Russian President Vladimir Putin and US President Joe Biden.
