The Mexican stock exchange (BMV) operates with profits in its first negotiations this Tuesday. The local stock market advances, in line with its peers in Wall Street and with other relevant places, while in the markets concerns about the Covid-19 Omicron variant and its economic impact.
The benchmark index S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, moves 0.42% to a level of 53.16160 points, while the index FTSE BIVA, the main of the Institutional Stock Exchange (Biva), it moves 0.43% with a level of 1,099.46 units.
Within the benchmark index, most of the components trade with advances, with 23 values in green, six in red and six unchanged. The movement of the index is led by Volaris titles, with 1.65%; Grupo Televisa Unit, with 1.65%; Grupo Bolsa Mexicana de Valores, with 1%, and those of Banco del Bajío, with 0.97 percent.
The World Health Organization said more evidence is emerging that Omicron is causing milder symptoms than previous variants. “Despite record numbers for new Covid-19 infections globally, hospitalizations and deaths remain low,” financial group Intercam said in a note.