Introduction to Mexican Stock Market Performance
The Mexican stock markets, represented by the Bolsa Mexicana de Valores (BMV) and the Bolsa Institucional de Valores (BIVA), closed last week at new historical highs, driven by international data and optimistic statements from Mexico City’s mayor, Claudia Sheinbaum, regarding ongoing negotiations with the United States.
Key Market Indicators
- S&P/BMV IPC: The BMV index gained 1.02% to close at 60,479.76 points.
- FTSE-BIVA: The BIVA index increased by 1.07% to reach 1,211.44 points.
Both indices have been on an upward trend for four consecutive days, with their second-best performance in almost a month.
Weekly Performance
- The S&P/BMV IPC marked its third highest close of the week and surpassed 60,000 points for the first time.
- The FTSE-BIVA set a new record, its first since February 2024.
The weekly gains were 3.02% for the IPC and 3.06% for the FTSE-BIVA.
Notable Emissions
Among the top performers in the IPC were Industrias Peñoles (18.51%), Banco del Bajío (8.89%), and Grupo Bimbo (8.89%). On the downside, José Cuervo (-2.88%), Coca-Cola FEMSA (-1.56%), and América Móvil (-1.51%) experienced the worst performance.
Influencing Factors
With no local data available, stock prices were influenced by disappointing US employment figures for August, which increased expectations of interest rate cuts by the Federal Reserve.
The focus on US trade strategy remains, with President Donald Trump targeting tariffs on semiconductors and renewing his agreement with Japan.
Though there have been no updates on Mexico-US negotiations, part of the week’s stock price surge can be attributed to optimistic statements from Mexico City’s mayor, Claudia Sheinbaum, about the ongoing talks with the United States.
Expert Analysis
- Gabriela Siller, Banco Base: “The IPC of the BMV closed the week with a gain of 3.02%, its largest gain since late April.”
- Enrique Covarrubias, Actinver: “On Friday, the IPC detached from the negative tone in the US, leading to a new historical high. Of the 36 principal issuers in the index, 28 registered gains compared to the previous Friday.”
Key Questions and Answers
- Q: What drove the Mexican stock markets to historical highs?
A: The performance was influenced by international data, such as disappointing US employment figures, and optimistic statements from Mexico City’s mayor, Claudia Sheinbaum, about ongoing negotiations with the United States. - Q: Which indices reached new highs, and by how much?
A: The S&P/BMV IPC gained 1.02% to close at 60,479.76 points, while the FTSE-BIVA increased by 1.07% to reach 1,211.44 points. - Q: What were the top and bottom performers in the IPC?
A: Industrias Peñoles (18.51%), Banco del Bajío (8.89%), and Grupo Bimbo (8.89%) were the top performers, while José Cuervo (-2.88%), Coca-Cola FEMSA (-1.56%), and América Móvil (-1.51%) were the worst performers. - Q: How did US employment data impact the Mexican stock markets?
A: Disappointing US employment figures for August increased expectations of interest rate cuts by the Federal Reserve, positively influencing Mexican stock markets.
