Overview of Mexico’s Stock Market Performance
Mexican stock exchanges experienced significant gains on Tuesday, with the fifth consecutive day of rallies as the local reporting season for the first quarter (1T25) began.
Key Stock Market Indices
- S&P/BMV IPC: Up 1.90% to 54,777.84 points (Bolsa Mexicana de Valores)
- FTSE BIVA: Up 1.93% to 1,115.64 points (Bolsa Institucional de Valores)
Notable Performances
Within the benchmark index, most values saw gains. Notably, shares of Grupo Financiero Banorte increased by 4.47% to 157.26 pesos, and Walmex rose by 4.47% to 63.51 pesos, both before releasing their Q1 results.
Banorte’s Strong First Quarter Performance
Grupo Financiero Banorte, one of Mexico’s three major banks, reported an 8% increase in Q1 profits, totaling 15,290 million pesos. The group’s revenues grew by 10% to reach 40,580 million pesos in the quarter.
Market Trends
- The principal index of the local stock market has risen by 6.36% since closing at 51,498.90 points on April 11.
- Year-to-date, despite global nervousness, the index has advanced by 10.63%.
Key Questions and Answers
- What is the current state of Mexico’s stock market? The Mexican stock exchanges have been on a five-day winning streak, with the S&P/BMV IPC and FTSE BIVA indices rising by 1.90% and 1.93%, respectively.
- Which companies have reported strong performance? Grupo Financiero Banorte and Walmex have shown significant gains, with Banorte reporting an 8% increase in Q1 profits and Walmex rising by 4.47%.
- How have Mexico’s major banks performed in Q1? Grupo Financiero Banorte, one of Mexico’s largest banks, reported an 8% increase in Q1 profits and a 10% growth in revenues.
- What is the overall trend for Mexico’s stock market in 2025? Despite global nervousness, Mexico’s stock market has advanced by 10.63% year-to-date.
