The Mexican Stock Market (BMV) advanced this Thursday a 0.66% in its main indicator, until reaching 53 thousand 744.68 unitsafter the upward revision of the growth of the United States GDP.
In Mexico, the Price and Quotation Index (IPC)the main indicator of the BMV, “gained 0.66%, advancing for the second consecutive session, as risk aversion towards Mexico decreased,” explained the director of Economic and Financial Analysis of Banco Base, Gabriela Siller.
The specialist indicated that “part of the impetus came from the upward revision of GDP growth in the United States, which went from 1.1% a 1.3% quarterly annualized, with growth concentrated in consumption”.
Siller recalled that the 80% of Mexican exports are destined for the United States, “so the upward revision of GDP for the first quarter in the United States implies a slightly more favorable outlook for the Mexican economy.”
He highlighted that in the session the stations with the highest profits were: América Móvil (+3%), Alfa (+2.43%) and Volaris (+2.17%).
With this day’s gain, the IPC registers an advance of 10.9% so far this year and is located at 5.82% from its all-time high of 56 thousand 536.68 pointsreached on April 1, 2022.
During the session, the peso depreciated a 0.16% against the dollar, when trading at 17.84 units per greenbackafter being valued at 17.81 in the previous day, according to data from the Bank of Mexico.
The IPC closed the session in 53 thousand 744.68 unitswith a profit of 351.28 points and a positive variation of the 0.66% compared to the previous day.
The volume traded on the market reached 256.3 million titles for an amount of 15,699 million pesos.
Of the 505 firms that traded on the day, 186 ended with their prices rising, 298 had losses and 21 closed without changes.
The titles with the greatest upward variation were from the home builder Desarrolladora Homex (HOMEX), with 5.88%; the producer of meat and derivatives Industrias Bachoco (BACHOCO B), with 3.35%and the telecommunications company América Móvil (AMX B), con el 3%.
In contrast, the largest downward variations were from the telecommunications services firm Axtel (AXTEL CPO), con -8.2%; the South Medical Health service company (MEDICAL B), with -6.1%and the drug marketer Corporativo Fragua (FRAGUA B), with -3.18%.
During the day, three sectors advanced, the materials (0.72%), industrial (0.53%) and financial (0.05%), and one fell, that of frequent consumption (-0.02%).
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