The Mexican stock market operates with losses after a streak of five days with profits

Las stock markets of Mexico they paint themselves red in mid-week negotiations. Local stock indices fall in line with their peers USAwith a breather after having scored a streak of five consecutive sessions with profits.

the main index S&P/BMV IPC from Mexican stock exchange (BMV), which groups the 35 most liquid shares in the domestic market, lost 0.50% to 54,596.93 points. The FTSE BIVAfrom Institutional Stock Market (Biva), lose 0.41% con1,140.23 units.

S&P/BMV IPC

Within the reference index, most of the components are operating at a loss, with 25 values ​​in negative and 10 in positive. The worst performances are the shares of Grupo Financiero Banorte, which fell 2%, and Grupo México, with 1.31 percent.

“Negative stock markets, reflecting a more cautious sentiment after weaker-than-expected corporate reports and downward adjustments to growth guidelines,” the analysis area of ​​Grupo Financiero Banorte said in a report this morning.

The Mexican stock market advanced in the five previous sessions and yesterday marked its 15th day of advance in 17. The S&P/BMV IPC index yesterday marked a maximum not seen since April of last year, accumulating a return of more than 13 percent.

The decline in the prices of Mexican shares also occurs after this morning the National Institute of Statistics and Geography (Inegi) reported that the Global Indicator of Economic Activity (IGAE) contracted 0.5% in November.

jose.rivera@eleconomista.mx