Overview of the Mexican Stock Market Performance in 2025
The Mexican stock market has been experiencing a remarkable year, with 31 out of the 35 companies listed on the S&P/BMV IPC reaching new historical highs in 2025.
Key Factors Driving Mexican Stocks’ Success
Experts attribute the success of Mexican companies to their limited exposure to the U.S. market, making them attractive investments amid global trade tensions and tariffs.
- Low U.S. Exposure: Most Mexican companies serve the domestic or Latin American markets, reducing their vulnerability to U.S. tariffs.
- Sector Composition: The BMV is composed of unique sectors, particularly consumer-related industries, which have shown resilience in the face of economic challenges.
- Favorable Trade Stance: Mexico’s positive trade stance with the U.S. has made it an attractive investment destination, contributing to its economic resilience.
Notable Performing Companies
Among the top performers are Industrias Peñoles, Gentera, and Megacable. Industrias Peñoles, a global silver and metals producer, has seen a 99.48% increase in 2025, reaching an all-time high of 531.01 pesos per share.
Gentera, a microfinance company and parent of Banco Compartamos, has advanced 73.74% this year, with shares trading at 42.22 pesos each.
Underperforming Companies
Despite the overall market success, some companies like Bimbo, Cuervo, Liverpool, and Orbia have not reached their historical highs. Both Cuervo and Liverpool hit their lowest prices on August 26, 2024.
Market Correction and Future Outlook
The Mexican stock market experienced a correction on Monday, with both the S&P/BMV IPC and FTSE-BIVA indices falling by 1.24%. This decline was triggered by profit-taking following the previous day’s gains, influenced by Jerome Powell’s comments on potential interest rate cuts.
Market participants remain cautious, monitoring negotiations for a U.S.-Russia peace agreement and anticipating the release of U.S. personal consumption expenditure inflation data on August 29.
Key Questions and Answers
- Q: Why are Mexican stocks performing well?
A: Their limited exposure to the U.S. market, unique sector composition, and Mexico’s favorable trade stance have contributed to their success.
- Q: Which companies are leading the market?
A: Industrias Peñoles, Gentera, and Megacable have shown significant gains in 2025.
- Q: Which companies are underperforming?
A: Bimbo, Cuervo, Liverpool, and Orbia have not reached their historical highs.
- Q: What caused the recent market correction?
A: Profit-taking following gains, influenced by Jerome Powell’s comments on potential interest rate cuts.
- Q: What are market participants monitoring?
A: Negotiations for a U.S.-Russia peace agreement and upcoming U.S. personal consumption expenditure inflation data.
