The Mexican stock exchange (BMV) recorded a strong gain this Friday and ended a week of moderate progress. The local market traded in line with its US counterpart, in an extended recovery after the wave of aversion to risky assets caused in the world by Russia’s invasion of Ukraine.
The index S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, closed the day with a gain of 2.14% at a level of 52,555.60 units. In the week, from a record of 52,281.53 points last Friday, it accumulated an advance of 0.52 percent.
Within the benchmark index, most components ended the session in positive territory, with 30 stocks in green and five in red. The best performances of this day were Alsea, with 8.83%; FEMSA, with 4.72%; Walmex, with 4.45%, in addition to Coca-Cola FEMSA, with 3.97 percent.
The markets on a global scale showed a volatile behavior this week due to the nervousness caused by the Russian invasion of Ukraine. Western countries led by the United States have issued economic sanctions against Russia, helping to improve investor sentiment.
