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February 16, 2023
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BMV falls to bets on US rates; highlights the progress of FEMSA

BMV falls to bets on US rates;  highlights the progress of FEMSA

The stock markets of Mexico They operate at a loss this Thursday morning. The local stock indices fall, in line with their peers in the United States, after knowing figures in that country that suggest that the Federal Reserve would continue to raise interest rates.

The reference index S&P/BMV CPI of the Mexican stock exchange (BMV), made up of the 35 most liquid shares in the domestic market, lost 0.15% to 53,344.56 points. He FTSE BIVAof the Institutional Stock Exchange (Biva), falls 0.15% to 1,112.46 points.

S&P/BMV CPI

Within the reference index, most of the components operate in negative territory, with 29 stocks in red and six in green. The worst performances are for the airline Volaris, with a drop of 1.70%, and Grupo Financiero Inbursa, which drops 1.65 percent.

Contrary to the market trend, the advance of FEMSA’s shares stands out, of 5.41%, after it reported the day before that its board of directors approved a plan with which it seeks to boost its growth and considers selling its stake in Heineken.

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