Overview of the Mexican Stock Market Performance
On Thursday, Mexico’s stock markets accelerated their performance, reversing the previous day’s losses. Investors integrated the December inflation data in Mexico and the minutes from the latest Banco de México meeting into their strategies.
Key Market Indices
- The S&P/BMV IPC, managed by the Mexican Stock Exchange (BMV), increased by 1% to close at 65,521.01 units.
- The FTSE BIVA, operated by the Mexican Stock Exchange Institution (BIVA), rose by 0.94% to end at 1,295.23 points.
These market indices recorded their second-best increase this year and are less than half a percentage point away from reaching their closing highs.
Top Performing Stocks
Within the IPC, the strongest gainers were:
- Cemex (+6.12%), a building materials producer
- Bimbo (+3.94%), a bakery company
- Orbia (+3.89%), a petrochemical firm
Declining Stocks
On the downside, the following stocks experienced losses:
- Grupo BMV (-1.92%) – parent company of BMV
- Walmart de México (-1.50%)
- Pinfra (-1.00%) – a road infrastructure operator
Inflation Data Integration
Investors factored in the December inflation data from Mexico’s National Institute of Statistics and Geography (Inegi), which reported that the National Consumer Price Index (INPC) moderated to 3.69% annually in its general component.
Key Questions and Answers
- Q: What drove the rise in Mexican stock markets?
A: The acceleration was due to investors integrating December inflation data in Mexico and the minutes from the latest Banco de México meeting into their strategies.
- Q: Which stocks performed the best on Thursday?
A: Cemex, Bimbo, and Orbia were the top performers, with gains of 6.12%, 3.94%, and 3.89% respectively.
- Q: Which stocks experienced losses on Thursday?
A: Grupo BMV, Walmart de México, and Pinfra were among the declining stocks.
- Q: What was the December inflation rate in Mexico?
A: The National Consumer Price Index (INPC) moderated to 3.69% annually in its general component, according to Inegi.
