Las stock exchanges in mexico they opened in the red and are down for the fifth consecutive session. Stock indices fall in a market pressured by a wave of risk aversion after the announcement of a new confinement in China to combat an outbreak of Covid-19.
The referential index S&P/BMV IPC from Mexican stock exchange (BMV), which groups the 35 most traded shares in the local market, falls 0.25% and stands at 44,809.10 points. The FTSE BIVAfrom Institutional Stock Market (Biva), falls 0.24% to 931.30 points.
S&P/BMV IPC
Within the reference index, most of the components operate in negative territory, with 23 in red and 12 in green. The worst performances are the shares of the Grupo México mining company, with 3.93%; Volaris, with 3.23%, and Grupo Carso, with 1.66 percent.
“The S&P/BMV IPC entered a bearish market yesterday, falling 20.7% from its all-time closing high on April 1. Today it could consolidate around the 44,500-point level,” analysts at Grupo Financiero Banorte explained in a report.
jose.rivera@eleconomista.mx
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