Mexican Stock Exchange drops 0.04 % but closes the week with a moderate gain of 0.48%

RIO DE JANEIRO, BRAZIL – The Mexican Stock Exchange (BMV) lost 0.04 % in its main indicator this Friday to 51,113.85 points, but closed the week with a moderate gain of 0.48%.

“The performance of the local market was determined throughout the week by the appetite for risk in the rest of the western markets and not by internal factors”, explained to Efe Banco Base analyst Luis Alvarado.

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Meanwhile, within the Price and Quotations Index (IPC), the BMV’s main indicator, “weekly gains were registered in 17 issuers, equivalent to 50% of the sample currently made up of 34 companies”.

The specialist pointed out that there was greater demand for sectors sensitive to the economic cycle, such as BanBajio (+6.9% weekly), Grupo México (+3.94%), Cementos Chihuahua (+2.14%) and Grupo Carso (+2.09%) “which were among the five companies with the highest weekly performance”.

In spite of this Friday’s loss, the Mexican index records an accumulated performance so far this year of 15.99%.

During the day, the Mexican peso depreciated 0.65 % against the dollar, trading at 20.05 units per greenback in the interbank market.

The IPC closed at 51,113.85 units with a loss of 21.08 points and a negative variation of 0.04% compared to the previous session.

The volume traded in the market reached 173.3 million shares for an amount of 13,417 million pesos (about 669.1 million dollars).

Of the 653 companies that traded during the day, 395 ended with their prices up, 231 had losses and 27 more closed without change.

The shares with the greatest upward variation were Banco Santander (SAN), with 6.86%; the auto transport company Grupo Traxión (TRAXION A), with 3.03%, and Banco Santander México (BSMX B), with 2.93%.

In contrast, the companies with the greatest downward variation were Value Grupo Financiero (VALUEGF O), with -10.85%; the brewery Anheuser-Busch Inbev (ANB), with -9.46%, and the maritime transporter Grupo TMM (TMM A), with -4.73%.

During the day, two sectors gained, financials (0.38%) and consumer staples (0.37%), and two lost, materials (-0.69 %) and industrials (-0.54%).