Overview of the Mexican Stock Market Performance
On Friday morning, the Mexican stock market is experiencing losses after starting the day on a positive note. The local indices have retreated, with Orbia Advance conglomerate leading the declines. The market is on track for a moderate weekly decrease.
Key Indices and Their Performance
- S&P/BMV IPC: The leading index of the Bolsa Mexicana de Valores (BMV), which groups the most traded local stocks, is down by 0.29% at 62,037.96 units.
- FTSE BIVA: The index of the Bolsa Institucional de Valores (Biva) dropped 0.33% to 1,239.48 units.
S&P/BMV IPC
Stock Performance and Key Players
Most values within the reference index are experiencing losses. Orbia Advance leads the decline, dropping by 2.16% to 18.09 pesos. Bimbo follows with a 1.66% increase to 64.11 pesos, and Volaris is down by 1.48% to 12.66 pesos.
Market Outlook and Analyst Insights
Análisis Banorte predicts that the S&P/BMV IPC will maintain a defensive tone, having respected the intermediate support level at the 21-day exponential moving average (61,400 units). The potential resistance lies at the all-time intraday high of 63,170,” they say.
Key Questions and Answers
- What is happening in the Mexican stock market today? The Mexican stock market is experiencing losses after a positive start, with the S&P/BMV IPC and FTSE BIVA indices declining.
- Which companies are leading the declines? Orbia Advance is leading the decline, with a 2.16% drop, followed by Bimbo (1.66% increase) and Volaris (1.48% decrease).
- What is the predicted market behavior for the rest of the week? Análisis Banorte expects the S&P/BMV IPC to maintain a defensive tone, with potential resistance at the all-time intraday high of 63,170.
