Overview of the Mexican Stock Market Performance
The Mexican stock market experienced its second consecutive day of declines on Friday, with the S&P/BMV IPC and the FTSE BIVA both closing lower. However, this week’s performance was positive overall, as the S&P/BMV IPC accumulated a 1.32% gain and a year-to-date increase of 14.21%.
Key Players and Their Performance
The S&P/BMV IPC, which represents the most actively traded local stocks on the Bolsa Mexicana de Valores (BMV), dropped 0.55% to 56,551.18 points. Meanwhile, the FTSE BIVA, managed by the Bolsa Institucional de Valores (Biva), decreased 0.59% to 1,143.02 units.
S&P/BMV IPC
Market Focus and Expectations
Investors are closely monitoring trade news, following a recent announcement of a US-UK trade deal that boosted hopes for progress in China negotiations, set to take place over the weekend in Geneva.
Upcoming Events and Their Potential Impact
Next week, local investors will also be watching for the Banco de México’s monetary policy announcement. Despite a slight uptick in consumer prices, the data is not expected to change expectations that the central bank will continue cutting its key interest rate.
Detailed Stock Performance
Within the benchmark index, most values saw declines. Notable losers included Grupo Financiero Inbursa, down 3.07% to 50.19 pesos; BanBajío, with a 3.02% decrease to 48.51 pesos; and Grupo BMV, which fell 2.55% to 40.83 pesos.
Key Questions and Answers
- Q: What was the overall performance of the Mexican stock market this week? A: Despite two consecutive days of losses, the S&P/BMV IPC accumulated a 1.32% gain and has increased by 14.21% year-to-date.
- Q: What are investors monitoring in the near future? A: Investors are keeping an eye on trade news, particularly the ongoing negotiations between China and the US, as well as the upcoming monetary policy announcement from Banco de México.
