The Mexican stock market is heading for its sixth consecutive decline.
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
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.
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