Local Stock Indices Rise, Following Global Trends
The Mexican stock market is trading higher this Tuesday, with local indices following the performance of their international counterparts. Meanwhile, attention is focused on third-quarter corporate reports within Mexico.
Key Players and Their Performance
The leading index, the S&P/BMV IPC, managed by the Bolsa Mexicana de Valores (BMV), which groups the most traded local shares, is up by 1.21% at 62,605.99 points. The FTSE BIVA, operated by the Bolsa Institucional de Valores (Biva), is also up by 1.24% at 1,247.68 units.
S&P/BMV IPC
Notable Gainers in the Market
Most values within the reference index are trading higher. Notable gainers include:
- Televisa: Up 9.71% to 10.06 pesos, following the release of their third-quarter results on Friday, which showed a reduced annual revenue decline.
- Cemex: Up 8.27% to 18.60 pesos, after reporting a 19% increase in operating profits due to cost reductions.
- Grupo Bimbo: Up 3.47% to 64.49 pesos, acting as a stabilizing force in the market.
Key Questions and Answers
- Q: Who are the key players mentioned in this article?
A: The key players mentioned are Televisa, Cemex, and Grupo Bimbo.
- Q: Why are Televisa and Cemex shares performing well?
A: Televisa shares are rising due to their reduced annual revenue decline following the release of third-quarter results. Cemex shares are up because of a 19% increase in operating profits, achieved through cost reductions.
- Q: What is the current status of the Mexican stock market?
A: The Mexican stock market is trading higher, with local indices following the performance of their international counterparts. The attention is focused on third-quarter corporate reports within Mexico.
