The Mexican stock market showed signs of recovery on Thursday morning, breaking an eight-day losing streak. Investors kept a watchful eye on political developments in the United States as they navigated the market landscape.
The S&P/BMV IPC, Mexico’s main stock index, rose 0.11% to 50,225.21 points. This index tracks the performance of the most traded local stocks.
Similarly, the FTSE BIVA index of the Institutional Stock Exchange increased by 0.13% to 1,026.97 points. Most stocks within the benchmark index traded higher.
Grupo Carso, owned by Carlos Slim, led the gains with a 1.57% increase to 117.40 pesos. Gruma followed with a 1.08% rise to 342.89 pesos, while PINFRA grew by 0.88% to 182.61 pesos.
The market’s upward movement came after a challenging period. The S&P/BMV IPC had fallen for eight consecutive sessions, accumulating a 4.14% loss.
Investors remained cautious as they awaited information about the policies of U.S. President-elect Donald Trump. Meanwhile, the Mexican peso weakened against the U.S. dollar for the second day in a row.
Peso Depreciates Amid Global Market Fluctuations
The exchange rate reached 20.3513 pesos per dollar, representing a depreciation of 2.90 cents or 0.14% from the previous day’s official rate of 20.3223.
The dollar’s value fluctuated between a high of 20.4070 and a low of 20.2619 pesos. The Dollar Index, which measures the greenback against a basket of six currencies, dropped 0.04% to 106.64 points.
Global markets remained focused on potential policies of the incoming U.S. administration and their possible impacts. Adding to the peso’s weakness was news of a Russian ballistic missile attack on Ukraine.
Economic data from the United States also influenced market sentiment. Weekly jobless claims unexpectedly fell, while a report on manufacturing activity came in below expectations.
In Mexico, retail sales data showed growth for the third consecutive month in September. Grupo Financiero Banorte noted a 0.1% increase compared to the previous month, according to figures released by INEGI.
More: Mexico news in English, every day from The Rio Times.
Live Market IntelligenceMexico — Live Market Board
Rio Times · Live Market Intelligence
Mexico — Live Market Board
-0.18%
179,722.48
+1.30%
65,314.78
-0.18%
11,315.26
-1.14%
3,049,455
+0.51%
2,470.26
+1.86%
59,450.29
+0.11%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IPC MEX | 65,314.78 | -0.18% | +12.17% | 65,430.32 | 66,121 | 65,405 | 108,886,187 |
| USD/MXN | 17.06 | -0.24% | -8.58% | 17.10 | 17.08 | 17.01 | — |
| WALMEX | 48.07 | -0.62% | -14.38% | 48.37 | 48.65 | 48.02 | 10,781,446 |
| GMEXICO | 223.28 | +0.35% | +73.59% | 222.50 | 226.18 | 222.17 | 1,325,556 |
| FEMSA | 201.19 | -0.24% | +25.67% | 201.67 | 206.71 | 199.56 | 750,706 |
| CEMEX | 19.32 | +0.89% | +19.10% | 19.15 | 19.35 | 19.04 | 14,327,054 |
| GFNORTE | 193.98 | +1.18% | +14.36% | 191.71 | 195.79 | 191.83 | 1,579,115 |
| BIMBO | 60.98 | -0.96% | +11.89% | 61.57 | 61.46 | 60.29 | 1,048,115 |
| TELEVISA | 9.71 | +0.21% | +12.78% | 9.69 | 9.75 | 9.60 | 577,851 |
| AMX | 19.80 | -0.95% | +12.53% | 19.99 | 20.05 | 19.70 | 58,058,525 |
| GAP | 366.23 | +0.43% | -21.21% | 364.68 | 370.85 | 362.82 | 226,946 |
| ASUR | 275.04 | +1.25% | -15.28% | 271.64 | 275.08 | 271.31 | 15,451 |
| OMA | 233.50 | +0.62% | -6.48% | 232.06 | 235.00 | 230.62 | 555,693 |
| KOF | 188.04 | +0.86% | +18.94% | 186.44 | 188.56 | 185.52 | 425,273 |
| GRUMA | 252.90 | +0.11% | -21.85% | 252.61 | 254.74 | 250.36 | 90,048 |
| KIMBER | 39.74 | +0.43% | +8.85% | 39.57 | 40.09 | 39.33 | 490,551 |
| AMX ADR | 23.38 | -0.23% | +22.25% | 23.43 | 23.49 | 23.06 | 1,347,445 |
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