Mexican Stock Market Continues Three-Month Winning Streak; GAP Leads Gains

Overview of Mexican Stock Market Performance

The Mexican stock market experienced a robust mid-week surge, with local indices gaining ground in a session marked by the U.S. Federal Reserve’s (Fed) monetary policy announcement and optimistic news regarding the U.S.-China trade relationship.

The leading index, the S&P/BMV IPC, compiled by the Bolsa Mexicana de Valores (BMV), which aggregates the most actively traded local shares, rose by 1.05% to reach 57,954.39 points. The FTSE BIVA, managed by the Bolsa Institucional de Valores (Biva), also gained 0.94%, closing at 1,174.43 points.

Key Stock Movers

Within the benchmark index, most values closed with gains. Notably, GAP, an airport operator, soared 6.43% to 435.25 pesos, followed by Gentera with a 5.20% increase to 38.22 pesos, and OMA, another airport operator, which rose 4.93% to 235.59 pesos.

Market Factors to Watch

The Fed maintained its reference interest rate unchanged, as market expectations dictated, at 4.25-4.50%. However, the central bank’s communication provided crucial details, such as warnings about inflation risks due to tariffs.

In trade-related news, it was reported that Scott Bessen, the U.S. Treasury Secretary, and Jamieson Greer, the chief trade negotiator, will meet this weekend in Geneva with He Lifeng, China’s top economic official. This meeting could signal progress toward a trade agreement.

Throughout the day, market operators assessed comments from the leaders of Mexico, the U.S., and Canada—TMEC partners—who reinforced expectations of a 2026 review of the agreement. This development reduced market uncertainty.

Key Questions and Answers

• Q: What drove the Mexican stock market’s performance? A: The Mexican stock market gained ground due to a combination of factors, including the U.S. Federal Reserve’s unchanged interest rate and optimistic news about the U.S.-China trade relationship.
• Q: Which stocks led the gains? A: GAP, an airport operator, led the gains with a 6.43% increase, followed by Gentera (5.20%) and OMA (4.93%).
• Q: What are the key factors influencing the Mexican stock market? A: Key factors include the U.S. Federal Reserve’s monetary policy, the U.S.-China trade relationship, and developments in the TMEC agreement review.