Mexican Stock Exchange closes the last day of May with moderate losses

The Mexican stock exchange (BMV) concluded this Tuesday with a moderate loss. The local stock market retreated due to an increase in fear of inflation in the markets, due to the agreement in Europe to block Russia’s oil for its actions in Ukraine, ended the month with a slight gain.

The index reference S&P/BMV IPC, made up of the 35 most traded shares in the country, also with capitalization criteria, lost -0.79% on the day and closed operations with a level of 51,752.53 units. In the month, from a level of 51,417.97 points in April, it accumulated an advance of 0.65% percent.

S&P/BMV IPC

Within the reference index, most of the components ended the day in the red, with losses for 20 of the values ​​and gains for 15. The worst performances of the day were the shares of the BMV Groupcon -7.24%; FEMSAwith -5.92%, and mining Mexico Groupwith -4.77 percent.

On the last day of May 2022, the index FTSE BIVAmain of the International Stock Exchange (Biva), fell -0.75% to 1,068.94 units.

This Tuesday nervousness was observed in the stock markets after the leaders of the European Union agreed to block Russian oil exports in the 27 countries that comprise it. Barrel prices, which have risen above 115 dollars, have renewed concerns about inflation.

jose.rivera@eleconomista.mx

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