The Mexican stock market is heading for its sixth consecutive decline.
The indices are extending their negative streaks, with GAP leading the losses, and lower activity expected today due to a U.S. holiday.
Mexico’s stock exchanges started the week with declines. The averages are retreating, heading for their sixth consecutive session of losses, with lower activity expected today due to a U.S. holiday.
The leading index, S&P/BMV IPC of the Mexican Stock Exchange (BMV), which measures the most traded local stocks, is down 0.19% at 55,309.46 points. The FTSE BIVA index of the Institutional Stock Exchange (Biva) is down 0.18% at 1,132.60 points.
Within the benchmark index, most stocks are operating in the red. The most significant declines are seen in GAP, down 2.64% at 313.84 pesos, Chedraui, down 1.25% at 122.05 pesos, and GCC, down 1.24% at 183.41 pesos.
Local stock averages are retreating for the sixth consecutive session, following last week’s steep declines. The S&P/BMV IPC index lost 3.77% last week amid uncertainties about U.S. interest rates.
Meanwhile, President Andrés Manuel López Obrador described the upcoming Sunday elections as more than just a simple electoral contest.
“More than an election, Sunday is a referendum, a plebiscite, a consultation. It’s not just about choosing authorities, choosing a party, no, it’s about choosing the national project we want. Do we want the country to continue as before, with a small group, a minority that deceived because there was no democracy, it was an oligarchy with the facade of democracy because the people were not taken into account?” commented AMLO.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals