Mexican stock market chains its sixth consecutive day of advance

Mexican stock market chains its sixth consecutive day of advance

The stock markets of Mexico The negotiations on Monday ended with profits. The local stock indices advanced for the sixth consecutive day, at the beginning of a week full of relevant economic figures and after receiving the local inflation data.

The referential index S&P/BMV CPI of the Mexican stock exchange (BMV), which groups the 35 most liquid shares in the domestic market, rose 1.06% and closed with 52,280.05 points. The FTSE BIVAof the Institutional Stock Market (Biva), gained 0.98% to 1,089.36 points.


In its streak of six consecutive advances since a close of 48,463.86 points in 2022, the leading S&P/BMV IPC index accumulates a gain of 7.87 percent. Compared to a record of 1,012.14 units in 2022, the FTSE BIVA index chains an advance of 7.63 percent.

Within the benchmark, most components ended the session with gains, with 27 stocks in the green and eight in the red. The best performances were obtained by the titles of Volaris, with an advance of 7.10%, and Megacable, which moved 5.34 percent.

Investors received annual and monthly inflation data from Mexico to December, which showed a slight rebound in the month, but also a slowdown in its underlying component for the first time in two years, fueling the bet for moderation in rate hikes.

The markets hope that, tomorrow, a few words from the president of the Federal Reserve and, on Thursday, the annual inflation data for the United States, will give them signals about the next steps that the central bank of the world’s largest economy will take against inflation.

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