BMV advances for the second session; await report from America Movil

Las mexico stock exchanges They are trading at a profit in early trading this Tuesday. Local indices advanced, extending their move from Monday, due to higher risk appetite in the markets at the start of the reporting season.

the leading index S&P/BMV IPC from Mexican stock exchange (BVM), made up of the 35 most liquid stocks in the domestic market, rose 0.19% to 46,309.25 units. The FTSE BIVAfrom Institutional Stock Market (Biva), 0.08% at a level of 965.48 units.

S&P/BMV IPC

Within the reference index, most of the components operate with gains, with 22 values ​​in green and 13 in red. The best performances are those of Volaris shares, with a gain of 3.77%; Alsea, with 3.66%, and Orbia Advance, with 3.61 percent.

“Investors are focusing on the results season,” explained the local CI Banco. “While we don’t rule out the possibility that this new rally will continue, at least in the very short term, it appears to be another bounce into the bear market.”

Among the corporate reports scheduled to be published this Tuesday in Mexico, that of the telecommunications giant América Móvil stood out, whose shares fell about 1.30 percent. Their numbers will be presented after the close of the day.

jose.rivera@eleconomista.mx