Mexican stock market closes with losses; notable gains from Regional and Banorte.
After a volatile session, local stock indices fell amid slight changes and uncertainty over the Middle East situation.
Mexico’s stock markets ended the midweek trading session with losses. Local stock indices declined in a session marked by minor movements among their international counterparts, amid ongoing concerns about the situation in the Middle East.
The Mexican Stock Exchange Index (S&P/BMV IPC), which tracks the most actively traded local stocks, fell 0.53% to 52,199.66 points. The FTSE BIVA, from the Institutional Stock Exchange (Biva), dipped 0.01% to 1,071.97 points.
Within the benchmark index, most issuers showed mixed performance. Contrasting with the general market trend, standout gains came from Regional, up 8.63% to 124.18 pesos, and Banorte, rising 7.42% to 149.85 pesos.
Investors remain focused on Middle Eastern developments after tensions between Iran and Israel escalated to another critical point, hitting global markets as Tehran launched a missile attack on Israel yesterday.
On the economic front, investors received positive U.S. employment data, adding to market uncertainty. Private payrolls grew by 143,000 in September, surpassing expectations.
The Mexican peso closed Wednesday’s trading with gains against the U.S. dollar. The local currency rose, outperforming its main international peers, a day after Claudia Sheinbaum was sworn in as Mexico’s first female president.
The exchange rate ended the day at 19.4162 pesos per dollar, based on the official data from Banco de México (Banxico). Compared to yesterday’s Reuters reference rate of 19.6034 pesos (no official close due to the holiday), the peso gained 18.72 cents, or 0.96%
ABOUT THE AUTHOR
See More
Sidebar rates
Add 3442
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals