Mexican stock market outlines its fifth session of consecutive advance

Las stock markets of Mexico trade at a profit Friday morning. The local stock indices are painted green for the fifth consecutive session, in line with the color in their US peers, after positive data from the labor market in USA.

The reference index S&P/BMV IPC from Mexican stock exchange (BMV), which groups the 35 most liquid shares in the domestic market, gained 0.36% to 50,987.59 units. The FTSE BIVAfrom Institutional Stock Exchange (Biva), rose 0.38% to 1,064.28 points.

S&P/BMV IPC

Within the reference index, most of the components operate with advances, with 20 values ​​in green and 15 in red. The best performances are held by the titles of Cuervo, with 2.32%; Peñoles Industries, with 1.98%; BanBajío, with 1.64%, and Asur, with 1.62 percent.

At its current level, compared to a record of 48,463.86 units at the end of 2022, the S&P/BMV IPC accumulates an advance of 5.20 percent. In its positive streak, against 1,012.14 points at the end of December, the FTSE BIVA accumulates a gain of 5.15 percent.

“The latest movements have placed the technical indicators of the S&P/BMV IPC with positive signals, although it seems to us that it is a “mirror” reaction to the fall that the index had in the last week of December,” explained analysts from the firm Metanálisis.

jose.rivera@eleconomista.mx