Overview of the Mexican Stock Market Performance
On Monday, the Mexican stock market witnessed a positive trend as investors absorbed local indicators showing that economic activity surpassed expectations in October. This positive outlook bolstered investors’ risk appetite, leading to gains across the board.
Key Stock Market Indices
- S&P/BMV IPC: The benchmark index of the Mexican Stock Exchange (BMV) rose by 1.27% to reach 64,778.18 points.
- FTSE BIVA: The index of the Institutional Securities Market (BIVA) gained 1.13%, closing at 1,280.54 units.
This upward momentum marks the third consecutive day of gains. In December alone, the IPC has increased by 1.86%, while the FTSE BIVA has risen by 1.35%.
Leading Gainers in the Mexican Stock Market
Industrias Peñoles, a leading global silver refining group based in Mexico, topped the gainers on the BMV. The surge in gold and silver prices to historical highs propelled Peñoles’ stock value up by 7.68%, resulting in a closing price of 936.83 Mexican pesos per share.
Fresnillo, a subsidiary of Peñoles, also experienced gains, with its shares closing at 752 Mexican pesos per unit—a 5.62% increase from the previous closing price.
Economic Indicators and Upcoming Events
The National Institute of Statistics and Geography (Inegi) released the Global Activity Economic Indicator (IGAE), which increased by 0.98% in October following a 0.44% decline in September. This represents the largest monthly increase since July 2024.
This week, amidst the holiday season, significant economic events are scheduled:
- Tomorrow, Inegi will publish Mexico’s inflation data for the first half of December—a crucial figure that will guide the Banco de México’s future monetary policy decisions, following its recent rate cut.
- In the United States, investors await the revision of third-quarter 2025 GDP and the Personal Consumption Expenditures (PCE) inflation data for October.
Key Questions and Answers
- What drove the Mexican stock market gains? Local economic indicators showing stronger-than-expected activity in October bolstered investor confidence and risk appetite.
- Which companies led the gains in the Mexican stock market? Industrias Peñoles and its subsidiary Fresnillo were the top performers, driven by rising precious metal prices.
- What significant economic events are scheduled this week? Inegi will release December inflation data, while the US awaits revised third-quarter GDP and PCE inflation figures.
