Overview of the Mexican Stock Market Performance
On Thursday, the Mexican stock market experienced significant declines in trading sessions. Local indices fell amidst a cautious market due to the possibility of the United States joining Israel in bombing Iran’s nuclear facilities.
Key Stock Market Indices and Their Performance
- S&P/BMV IPC: The leading index of the Bolsa Mexicana de Valores (BMV), which includes the most traded local stocks, dropped by 1.17% to 56,068.16 units.
- FTSE BIVA: The index of the Bolsa Institucional de Valores (Biva) also declined by 1.11% to 1,133.22 units.
S&P/BMV IPC
Major Declining Stocks in the Mexican Market
Within the reference index, most values closed with losses. Notably, GAP, an airport operator, saw a 4.21% decrease to 407.41 pesos, followed by Grupo México, a mining company, which dropped 3.39% to 105.16 pesos, and INFRA, an infrastructure company, which declined by 2.40% to 212.66 pesos.
Market Impact and Yearly Performance
The S&P/BMV IPC has accumulated a weekly loss of 2.39% due to the conflict between Iran and Israel, with the potential involvement of the United States affecting risk appetite for assets. However, year-to-date, the index has advanced by 13.24%.
Key Questions and Answers
- What happened in the Mexican stock market on Thursday? The Mexican stock market suffered heavy losses, with local indices falling amidst a cautious market due to concerns over the possibility of the United States joining Israel in bombing Iran’s nuclear facilities.
- Which stocks experienced the most significant declines? GAP, Grupo México, and INFRA were among the major declining stocks, with drops of 4.21%, 3.39%, and 2.40%, respectively.
- What factors contributed to the market’s performance? The conflict between Iran and Israel, along with the potential involvement of the United States, negatively impacted the market’s performance. However, year-to-date, the index has shown positive growth.
