The stock market in Mexico loses ground this Wednesday. Prices in the local market fall for the third consecutive session, with investors awaiting the next steps that central banks will take to control inflation.
The index S&P/BMV IPC, which groups the 35 most traded shares in Mexico, fell 0.51% to 51,486.85 units, shortly after the start of the session. The FTSE BIVAof the Institutional Stock Market (Biva), falls -0.51% to 1,063.51 points.
Within the benchmark index, most components are trading in negative territory, with nine in the red and 26 in the green. The worst performances are from Bimbo, with -3.41%; Volaris, with -3.32%, and Coca Cola Femsa, which earns -2.18 percent.
“Investors evaluate the economic performance and the monetary policy scenario, remembering that employment data in the United States is expected in the following days,” Monex said in a report.
