Mexican Stock Market Drops After Four Consecutive Days of Gains

Context and Relevance

The Mexican stock market experienced a downturn on Thursday, ending four consecutive days of gains. The local stock indices interrupted their positive streak but remained near all-time highs, as the market assessed news of a potential reversal of U.S. tariffs.

This article focuses on the performance of the Mexican stock market, specifically the S&P/BMV IPC and FTSE BIVA indices, as well as the impact of recent U.S. trade developments on these markets.

Market Performance

S&P/BMV IPC: The leading index, S&P/BMV IPC, which represents the most actively traded local stocks on the Bolsa Mexicana de Valores (BMV), declined by 0.21% to reach 58,614.41 units.

FTSE BIVA: The FTSE BIVA, managed by the Bolsa Institucional de Valores (Biva), also experienced a drop, falling 0.17% to 1,185.92 units.

Mixed Performance Within the Benchmark Index

The benchmark index saw mixed performance, with some stocks rising while others fell. Notable declines included:

• Orbia: Down by 2.87% to 13.18 pesos
• Grupo BMV: Down by 2.36% to 42.7 pesos
• Becle: Producers of José Cuervo tequila, down by 1.53% to 23.19 pesos

Impact of U.S. Trade Developments

The trading day began positively following a decision by the U.S. International Trade Commission on Wednesday. The commission ruled that President Donald Trump had overstepped when imposing “reciprocal” tariffs. The court ordered the annulment of the disputed tariffs.

“In simple terms, the court’s decision implies that there will be no tariffs, which is positive for the economy and markets. However, it’s essential to approach this news with caution,” stated Roga Capital.

Despite the drop on Thursday, the Mexican stock market had previously experienced four consecutive days of gains, accumulating a 1.60% increase during that period. As of 2025, the S&P/BMV IPC has still achieved a robust gain of 18.38% for the year.

Key Questions and Answers

• What happened in the Mexican stock market on Thursday? The local stock indices, including the S&P/BMV IPC and FTSE BIVA, experienced a decline after four consecutive days of gains.
• Why did the market drop despite positive news about U.S. tariffs? The initial positive sentiment stemmed from the U.S. International Trade Commission’s decision to annul certain tariffs imposed by President Trump. However, market participants approached the news cautiously.
• How have Mexican stocks performed in 2025 so far? Despite the drop on Thursday, the S&P/BMV IPC has still achieved a solid gain of 18.38% for the year 2025.