Mexican Market Extends Rally for Second Day as Televisa Leads Gains

The Mexican stock market extended its winning streak for a second consecutive day on May 14, 2025, with the benchmark S&P/BMV IPC index rising 0.50% to close at 57,644.94 points.

Trading witnessed a range between 57,133.85 and 57,710.06 points, marking a 1% spread between the day’s extremes. Market breadth tilted slightly negative as declining stocks outnumbered advancers 123 to 120, with 16 issues remaining unchanged.

The gains were primarily driven by strength in Industrials, Consumer Goods & Services, and Consumer Staples sectors. Grupo Televisa emerged as the day’s star performer, surging 6.09% to 7.67 pesos per share.

Other notable gainers included Alfa, which climbed 3.50% to 15.07 pesos, and Megacable Holdings, advancing 2.23% to 53.75 pesos.

On the losing side, Regional SAB de CV dropped 2.27% to 147.00 pesos, while Grupo Carso fell 2.18% to 126.90 pesos. Coca-Cola Femsa rounded out the top losers with a decline of 1.96% to 175.14 pesos.

The Mexican peso held relatively steady against the US dollar at 19.38, showing minimal movement following its significant strengthening the previous day when it reached its strongest position since October 2024.

Looking at the broader picture, the IPC index has gained 1.93% over the past week and maintains an impressive year-to-date advance of over 16%. The market currently sits just 0.53% below its 2025 peak of 57,954.39 points, reflecting strong bullish momentum.

Technical analysis of the chart reveals robust market positioning. The index trades comfortably above both its 50-day and 200-day moving averages, confirming the prevailing uptrend.

Price action shows a series of higher lows and higher highs, establishing a clear bullish structure. The Mexican market’s performance contrasted with mixed global results.

US markets showed divergence with the S&P 500 gaining 0.72% and Nasdaq jumping 1.61%, while the Dow Jones Industrial Average fell 0.64%. European markets pulled back after a four-day rally fueled by recent US-China and US-UK trade agreements.

In the commodities space, gold retreated 2.06% to $3,180.85 per troy ounce, while crude oil declined around 1.2%. Investors remain focused on the Bank of Mexico‘s upcoming interest rate decision scheduled for Thursday.

Analysts widely expect another 50-basis-point cut to 8.50%, which could further impact market sentiment and direction. The Mexican market continues to trade at attractive valuations with a P/E ratio around 12.56, significantly below the global average of 21.83, potentially offering value opportunities for investors seeking emerging market exposure.