Mexican Stock Market Falls for Fifth Consecutive Session

Mexico’s stock markets ended Friday’s session in the red, marking five consecutive days of losses, as investors balanced third-quarter earnings reports with escalating geopolitical tensions.

The S&P/BMV IPC, the benchmark index of the Mexican Stock Exchange (BMV), slipped 0.02% to 51,784.33 points, while the FTSE BIVA index from the Institutional Stock Exchange (BIVA) dropped 0.09% to 1,062.65 points.

For the week, the S&P/BMV IPC recorded a cumulative loss of 2.34%, driven by disappointing earnings and concerns about global risks. Notable losers within the index included Televisa, which plunged 8.86% to 8.43 pesos, and Pinfra, which fell 3.70% to 130 pesos. On the positive side, Quálitas stood out with a 4.11% gain, closing at 141.91 pesos.

Investors are paying close attention to the earnings season, with key reports from companies like Cemex, Bimbo, and Banorte expected early next week. However, sentiment remains cautious, given the uncertainty surrounding global markets.

Adding to market jitters, Israel confirmed launching a military strike on Iran early Saturday, with multiple explosions reported near Tehran and Karaj and simultaneous strikes in Baghdad and Damascus. This escalation in the Middle East has intensified fears of potential disruptions to oil supplies, with markets likely to react sharply when trading resumes.

As geopolitical risks mount, investors may continue shifting toward safe-haven assets such as the U.S. dollar and gold, adding pressure to emerging markets like Mexico. Combined with rising U.S. Treasury yields and upcoming elections in the U.S., the outlook for the Mexican stock market remains volatile heading into next week.