The Mexican Stock Exchange (BMV) falls more than 10% since the triumph of AMLO

The Mexican Stock Exchange (BMV) accumulates a fall of 10.13 percent one year after the triumph of Andrés Manuel López Obrador in the presidential elections of July 1, 2018.

The main shareholder of the country has erased 4 thousand 868 points since then and currently stands at 43 thousand 167 units, in a year that has been particularly chaotic for the national stock market, both internal and external factors.

From abroad, the first tariff measures against China by the Donald Trump government on its imports injected some nervousness.

This was combined with the cancellation of the New Mexico City International Airport (NAIM), as well as the "noise" of initiatives in the country's banking and mining sector, which led to a deepening fall below 40,000 points, from which it has not managed to recover.

On Thursday, November 8, 2018, Morena's bench in the Senate presented a controversial initiative to eliminate the collection of various banking commissions, which would limit the profits of financial groups, a situation that caused broadcasters to fall to 10 percent. However, it did not last, and today the financial sample registers the biggest gains of 2019 and with a more reserved initiative from the bench.

After overcoming these ceilings in the market, the magnitude of the commercial dispute between the US and China has deepened along with the gradual deceleration of the Mexican economy, a situation that was reflected during the first season of reports.

At the beginning of May, the market also accumulated 13 sessions of negative results in a consecutive way, the longest losing streak in three decades.

As 'cherry pie' of this chaotic year, the problematic situation of Pemex and the measures taken by the rating agencies on the country - where Fitch reduced the sovereign rating of Mexico - injected volatility into the market.

But if things were not enough, the "brief" commercial conflict between Mexico and the United States, where Donald Trump threatened the country with the imposition of tariffs (and that cannot rule out a return of these pressures), have ended up printing laterality to the Exchange in the observed period.

By Agencies

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