Bolsa Mexicana accumulates 6.25 percent yield so far this year

Last Friday, the main shareholder indicator, S & P BMV IPC, was placed at 44 thousand 241.5 units, which meant an increase of 685.43 whole compared to the end of last November.

So far this year, the Mexican Stock Exchange (BMV) accumulates a yield of 6.25 percent due to a better mood of investors and international events.
So far this year, the Mexican Stock Exchange (BMV) accumulates a yield of 6.25 percent due to a better mood of investors and international events.

This Friday, the main stock indicator, S & P BMV IPC, was placed in 44 thousand 241.5 units, which meant an increase of 685.43 whole compared to the end of November. In particular, in the week of January 14 to 18 , the BMV had a gain of 1.57 percent, equivalent to 685.43 whole compared to last Friday.

"It ends a week with partial moderation in appetite for risk, with doubts about global growth undermining investor sentiment," said Grupo Financiero Banorte's Market Strategist, Santiago Leal.

There was a certain rebound in the dollar, the extension of the US government's closure, the Brexit vote and in Mexico the successful placement by the Mexican government of a new 10-year benchmark in the dollar bond curve.

In particular this Friday, favorable news circulated around a commercial truce between the United States and China, which supported the markets. For the next week the focus will be on the World Economic Forum in Davos and the decisions of the European Central Bank and the from Japan; while in Mexico unemployment figures are expected, the Global Economic Activity Index (IGAE) and inflation.

The specialist estimated that for the next week the exchange rate oscillates between 18.90 and 19.30 pesos per dollar, while the BMV quoted operates between 44 thousand and 45 thousand points. In the week that today concludes, in the equity market is operated a volume of one thousand 018 million titles, for an economic amount of 37 thousand 703.9 million pesos.

The issuers that had the biggest gains in the week were Homex, with a gain of 19.21 percent and Citi, with 10.46 percent; on the other hand, the ones that fell the most were Rassini and Gentera, with 14.62 and 12.84 percent, respectively.

The most traded issuers in the reference period were Grupo Financiero Banorte with five thousand 362.3 million pesos; Walmart with three thousand 287 million pesos and América Móvil with three thousand 035 million pesos

In the foreign exchange market, the peso closed the week with an appreciation of 0.38 percent or 7.3 cents, when trading around 19.07 pesos per dollar, being the currency that recorded the largest advance in the basket of major crossings, according to Banco Base .