The Mexican stock exchanges They operate with falls at the beginning of the week. Local indices decline, in line with their New York peers, in a market that is getting ready for the latest monetary policy decision of the Federal Reserve in the year, Wednesday.
The leading index S&P/BMV CPIof the Mexican Stock Exchange (BMV), which groups the most traded local shares, fell 0.29% to 63,194.55 points, while the FTSE BIVAof the Institutional Stock Exchange (Biva), drops 0.37% to 1,254.22 points.
S&P/BMV CPI
Within the benchmark index, most stocks are trading at a loss. The losses of Banortewith 2.66% at 170.41 pesos, of the conglomerate Carso Groupwith 1.39% to 122.35 pesos, and the cement company GCCwhich fell 1.21% to 190.23 pesos.
“In recent days, a positive performance has been observed in the S&P/BMV IPC, which has recovered ground after taking profits from its record of 64,321 units, thus respecting its upward trend, adding 23% since April 11,” Banamex said.
“Currently, the technical metrics of the index oscillate in the neutral zone, denoting mixed movements in the near future without ruling out a return to its historical highs to end the year with a double-digit performance,” Banamex added in its analysis note.
