Background on Key Figures and Relevance
The Mexican stock market, represented by the S&P/BMV IPC and FTSE BIVA indices, experienced a decline on Thursday. This drop follows the recent trend of falling U.S. stock markets after the House of Representatives approved a fiscal proposal from President Donald Trump. This proposal is expected to generate trillions of dollars in new debt.
Market Performance
The S&P/BMV IPC, the leading index of the Bolsa Mexicana de Valores (BMV), which includes the most actively traded local stocks, fell by 0.42% to 58,324.82 units. The FTSE BIVA index, managed by the Bolsa Institucional de Valores (Biva), also decreased by 0.34% to 1,177.21 points.
S&P/BMV IPC
Notable Declines Among Local Companies
Within the benchmark index, most stocks experienced losses. Notable declines include:
- Quálitas: The insurance company’s stock fell by 2.95% to 213.19 pesos.
- Industrias Peñoles: The mining firm’s stock dropped by 1.73% to 417.35 pesos.
- Gruma: The corn processing company’s stock declined by 1.65% to 364 pesos.
Local Investor Focus on Inflation and GDP Growth
In the local market, investors are closely monitoring new inflation figures and GDP growth rates. These indicators support the expectation that the Banco de México (Banxico) will continue reducing interest rates in upcoming decisions, as suggested by their recent rate adjustment.
