IPC Gains 0.7% to 64,975 as Peso Firms | Mexico Market Report, Oct 5
Key Facts
- The S&P/BMV IPC rose 0.69% to 64,975.08 points, its second straight gain, while Brazil’s index jumped 7.70% (BMV via El CEO; RT).
- The peso strengthened about 0.4% to 18.08 per US dollar, after weakening to 18.43 last Thursday, a level not seen since November 2025 (El CEO).
- América Móvil led the index with a 3.62% gain, after its Brazilian unit bought 72.83% of Desktop. Banorte fell 1.60% (El CEO).
- Gross fixed investment grew 6.6% in July from a year earlier, according to INEGI, the national statistics office (El CEO).
- In New York, the Mexico ETF EWW rose 1.10% to US$71.87. Oil fell about 2% after the G7 announced stock releases (El CEO; Infobae).
Today’s Focus
Mexican stocks edged up and the peso firmed on Monday, a quiet day next to Brazil’s record rally. The S&P/BMV IPC, the benchmark of the Mexican exchange, closed at 64,975.08 points, up 0.69%.
The peso gained about 0.4% to 18.08 per US dollar. For readers in the United States, Mexico is a top trading partner, so its peso and stocks matter for US companies and investors.
What matters today. Mexico followed the global tone but did not share Brazil’s euphoria. Inflation data on Thursday is the next test.
01 The session in one read
The IPC closed at 64,975.08 points, up 0.69%. It was the index’s second straight advance (El CEO). The RT end-of-day feed first showed a lower, earlier price, and the final figure matches the exchange data reported by Mexican media.
The peso closed near 18.08 per dollar, up about 0.4%. Last Thursday it had weakened to 18.43, its weakest level since November 2025, so Monday’s move was a partial recovery.
Wall Street helped. The S&P 500 rose 0.66% to 7,773.95 and the Nasdaq Composite rose 1.05% to 27,477.31 (El CEO).
The index gain is modest and was led by one heavyweight. América Móvil’s rise came with company news, not a change in Mexico’s economic outlook.
The domestic investment data was firm. One good number does not change the trend.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| S&P/BMV IPC | 64,975.08 | +0.69% | Second straight gain |
| USD/MXN | 18.08 | −0.4% | Peso firmer; last Thursday 18.43 |
| Gross fixed investment (July, y/y) | 6.6% | — | Year on year, INEGI |
| S&P 500 (US) | 7,774 | +0.66% | Nasdaq at a record |
| EWW (US-listed Mexico ETF) | US$71.87 | +1.10% | Mexico lagged Brazil’s ETF |
Gross fixed investment measures spending on machinery, buildings and infrastructure. INEGI, the national statistics office, reported a 6.6% rise in July from a year earlier.
Mexico’s public finances were also in focus. Hacienda reported on 30 September a cumulative fiscal balance for January to August of a deficit of 739 billion pesos (about US$40.9 billion at 18.08), 276 billion pesos below the plan (Hacienda via Revista Fortuna).
The peso’s 0.4% rise is small beside the real’s 4.12%. Rio Times · Live Market Intelligence
Live Market IntelligenceMexico — Live Market Board
Mexico — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
IPC MEX
64,327.79
-0.32%
+12.17%
64,531.68
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
03 Why it moved — company news and a better investment number
América Móvil, the telecoms group controlled by Carlos Slim, led the index. It rose 3.62% after reports that its Brazilian unit bought 72.83% of Desktop, a Brazilian internet provider (El CEO).
Domestic data also helped sentiment. The 6.6% investment rise suggests that companies kept spending.
Oil slipped. WTI and Brent each fell about 2%, to about US$89 and US$100, after the G7 said it would release strategic reserves (El CEO; Infobae).
04 The day’s movers
| Driver | Level / Move | Change | Note |
|---|---|---|---|
| América Móvil (AMXB) | +3.62% | — | Telecoms group; Brazilian unit buys Desktop stake |
| Grupo Financiero Banorte (GFNORTEO) | −1.60% | — | Weakest large name on the day |
Only two moves are confirmed by the exchange data we could verify. América Móvil led and Banorte lagged. We do not list other single-stock moves, because the early end-of-day feed was not final when we checked.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| Ibovespa | Brazil | +7.70% |
| S&P Merval | Argentina | +3.68% |
| COLCAP | Colombia | +2.69% |
| S&P IPSA | Chile | +1.91% |
| S&P/BMV IPC | Mexico | +0.69% |
Mexico was the smallest gainer in the region. Brazil’s election surprise lifted Brazilian assets most, and the spillover to Mexico was limited.
06 The technical picture
The IPC ended 0.2% below its intraday high of 65,118 and 1.3% above its low of 64,162. The round level of 65,000 is the next mark traders watch.
Last week’s 18.43 shows how quickly the peso can move, and Monday’s 18.08 recovers part of that fall.
07 What to watch
- Consumer confidence, Tuesday 6 October, 12:00 UTC: The RT calendar shows a forecast of 44.9 against a prior 46.1.
- Federal Reserve minutes, Wednesday: They may set the tone for the dollar and for the peso.
- Banxico minutes and September inflation, Thursday 8 October: Core inflation is forecast at 0.3% for the month against 0.16% before (RT).
- The 65,000 level: A close above it would put the index back near its late-September levels.
Background: Mexico IPC Slips 0.2% as Peso Gains 0.8% | Mexico Market Report, Oct 2.
Frequently Asked Questions
What is the S&P/BMV IPC?
It is Mexico’s main stock index. It tracks the largest and most traded companies on the Mexican Stock Exchange (BMV).
How much did the IPC rise on Monday?
It rose 0.69% to 64,975.08 points, its second straight gain.
Where did the peso close?
Near 18.08 per US dollar, about 0.4% stronger than before. It had weakened to 18.43 last Thursday.
Which stocks moved most?
América Móvil rose 3.62% and Banorte fell 1.60%, according to exchange data reported by El CEO.
Sources: BMV, INEGI and El CEO; Forbes México; RT. Market data: RT; exchange figures from BMV.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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