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The Mexican stock exchange (BMV) is trading at a loss in its first trading on Tuesday. The local stock market falls dragged down by strong declines of its peers in its pairs of Wall Street, before a rebound in Treasury bond yields in a market that awaits quarterly reports.
The index reference S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, moves -0.96% to a level of 53,453.53 points. The index FTSE BIVA, the principal of the Institutional Stock Market (Biva), moves -1.06% to settle at the level of 1,102.75 units.
S&P/BMV IPC
Within the reference index, most of the components operate at a loss, with 31 values in red and only four in green. The most pronounced falls are in the shares of Regional, with -2.60%; followed by Genomma Lab, with -2.53%, Volaris, with -2.40%, and those of FEMSA, which fell -2.07 percent.
Risk aversion increases in the market ahead of the first monetary policy meeting in the year of the Federal Reserve (Fed) and the presentation of more reports from the issuers. Investors are also watching oil prices rise to a seven-year high, analysts said.
jose.rivera@eleconomista.mx
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