Local Indices Rise, Cemex Shares Lead the Gains
After a local holiday on Friday, Mexico’s stock exchanges begin the week with gains. The indices have risen to new all-time highs, albeit in a moderate movement led by Cemex shares.
Key Indices Performance
- S&P/BMV IPC: The leading index of the Bolsa Mexicana de Valores (BMV) increased by 0.30% to 64,903.83 points.
- FTSE BIVA: The index of the Bolsa Institucional de Valores (Biva) moved up by 0.30% to 1286.45.
S&P/BMV IPC
Leading Stocks and Their Performance
Within the reference index, most values are trading with gains. Cemex stands out with a 4.48% increase to 21.01 pesos, followed by Grupo Comercial Chedraui with 2.06% to 131.33 pesos, and BanBajío with a 1.56% rise to 50.83 pesos.
Market Outlook and Upcoming Indicators
The local indices have risen moderately this morning, trimming their gains after reaching intraday highs of 65,250.14 and 1,292.69 points, respectively. The market anticipates this week’s US indicators and the Banxico announcement.
Key Questions and Answers
- What are the key indices mentioned? The S&P/BMV IPC and FTSE BIVA are the key indices mentioned, representing the Bolsa Mexicana de Valores (BMV) and Bolsa Institucional de Valores (Biva), respectively.
- Which stocks led the gains? Cemex shares led the gains, increasing by 4.48%, followed by Grupo Comercial Chedraui with a 2.06% rise and BanBajío with a 1.56% increase.
- What is the market’s outlook for this week? The market anticipates US indicators and the upcoming announcement from Banxico (Mexico’s central bank).
