Mexican Stock Exchange falls 0.73%, with losses for Carlos Slim's América Móvil

Today, the Mexican Stock Exchange (BMV) fell 0.73% in its main indicator, to 47,374.38 units, in a day that reported losses for Carlos Slim's América Móvil.

Mexican Stock Exchange falls 0.73%, with losses for Carlos Slim's América Móvil
Mexican Stock Exchange gains 0.46%. Image: Pixabay

The Mexican Stock Exchange (BMV) fell 0.73% in its main indicator this Thursday, to 47,374.38 units, in a day that reported losses for Carlos Slim's América Móvil.

Globally, "the capital markets closed the session with ample gains due to an improvement in the macroeconomic outlook, with investors feeling more optimistic about the possibility of avoiding a strong recession in the fight against inflation," explained Alfredo Sandoval, an analyst at Banco Base, to EFE.

Meanwhile, in Mexico, the Prices and Quotations Index, the BMV's main indicator, "behaved contrary to the rest of the capital market, registering a loss of 0.73% in the session".

He pointed out that the losses were concentrated in Volaris (-4.63%), América Móvil (-3.91%), and Femsa (-2.55%), while the gains were for Grupo México (+4.14%) and Peñoles (+2.85%) due to the recovery in mineral prices, especially copper".

With today's decline, the IPC accumulates a year-to-date performance of -11.07%.

During the day, the peso appreciated 0.86% against the dollar, trading at 20.51 units per greenback in the interbank market.

The IPC closed at 47,374.38 units, with a loss of 347.91 points and a negative variation of 0.73% compared to the previous session.

The volume traded in the market reached 253.5 million shares for an amount of 16,026 million pesos (about 781.3 million dollars).

Of the 611 companies that traded during the day, 413 ended with their prices up, 177 had losses and 21 closed without changes.