Background on the Mexican Stock Exchange (BMV)
The Bolsa Mexicana de Valores (BMV) is the primary stock exchange in Mexico, responsible for facilitating the trading of securities such as stocks and bonds. It plays a crucial role in the Mexican economy by providing capital for businesses and investment opportunities for individuals.
Remarkable Performance in 2025
In an unexpected turn of events, the BMV demonstrated exceptional performance in 2025. Despite global challenges, including shifts in local policies, international trade, and geopolitical factors, the S&P/BMV IPC index outperformed its counterparts on Wall Street and other significant exchanges.
Annual Gain of Nearly 30%
The S&P/BMV IPC index reported an impressive annual gain of 29.88%. Starting from a closing figure of 49,513.27 units in 2024, the index reached 64,308.29 units by the end of 2025. This performance brought the index close to its all-time high of 65,719.67 points, just needing a 2.2% increase in 2026 to set a new record.
Standout Monthly Performance
- Eight months in 2025 were positive, with April and September standing out with gains exceeding 7%.
- In April, the U.S. government, led by Donald Trump, announced a 90-day temporary suspension of tariffs to negotiate. This positive development, along with April being the fourth consecutive month of advancement, contributed to the strong performance.
- In September, the index surpassed 60,000 units for the first time.
Best Performance in 15 Years
With a gain of 29.88%, 2025 marked the best year for the BMV index since 2009, which was an anomaly as the exchange recovered from the global financial crisis.
This outstanding performance positions 2025 as the sixth-best year for the local market since the start of the 21st century, with an approximate compounded nominal annual return of 8.8%.
Top-Performing Sector
The materials sector led the way in the Mexican stock market, driven by a global inflation context and uncertainties surrounding the U.S. dollar that favored metal appreciation.
- Key companies in this sector, such as mining firms Industrias Peñoles and Grupo México, saw significant gains of 255.52% and 69.64%, respectively.
Return and Welcome to the BMV
After years of delisting news, two positive developments occurred in the local market. The Diablos Rojos baseball team began trading in early January, accumulating a return of around 36% in almost a year.
Additionally, Nutrisa, the yogurt ice cream unit of Grupo Herdez, returned to the BMV, with its stock rising nearly 25% since September.
Key Questions and Answers
- What is the Bolsa Mexicana de Valores (BMV)? The BMV is the primary stock exchange in Mexico, facilitating trading of securities like stocks and bonds.
- What was the S&P/BMV IPC index’s performance in 2025? The index reported an annual gain of 29.88%, outperforming global peers despite challenges.
- Which sector had the best performance in 2025? The materials sector led with strong gains, driven by global inflation and metal appreciation.
- What notable events occurred in the local market in 2025? The Diablos Rojos baseball team began trading, and Nutrisa returned to the BMV with significant stock gains.
