Las stock markets of Mexico they ended Wednesday’s session with strong gains. The local stock indices rose for the third consecutive day in 2023, in line with their peers USAdriven by airlines and raw materials companies.
the main index S&P/BMV IPC from Mexican stock exchange (BMV), made up of the 35 most liquid shares in the domestic market, gained 2.26% and closed at 50,161.27 units. The FTSE BIVAfrom Institutional Stock Market (Biva), advanced 2.14% to 1,046.28 units.
In three consecutive days with advances, from a close of 48,463.86 points in 2022, the S&P/BMV IPC index accumulates a gain of 3.37 percent. Compared to a close of 1,012.14 on December 29, the FTSE BIVA index has appreciated 3.37 percent.
Within the reference index, most of the components closed with gains, with 32 values in the positive and three in the red. In the interior, the airline Volaris led the advances, with a movement of 11.07%, followed by those of Industrias Peñoles, which gained 8.97 percent.
Volaris shares soared after yesterday they posted a loss of more than 6% that extended the 55.6% decline in 2022 that placed it as the worst value in the index. Peñoles shares, which have risen three days in a row, are already gaining 19.78 percent.
Attention in central banks
Investors today received the minutes of the Federal Reserve’s (Fed) monetary policy meeting for December. The members of the Federal Open Market Committee (FOMC) agreed that they did not see a cut in interest rates in 2023 as appropriate.
Tomorrow local operators await the minutes of the December meeting of the Bank of Mexico (Banxico). The expectation is that the central bank will provide signals to the market about the future of local interest rates in its fight against persistent inflation.
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