Las stock markets of Mexico Tuesday’s negotiations closed with moderate losses. The prices in the local market fell in a market that awaits information on the last steps against inflation that the Federal Reserve (Fed) this year.
The leading index S&P/BMV IPC from Mexican stock exchange (BMV), made up of the 35 most traded shares in the Mexican market, lost 0.25% to 51,655.68 units. The FTSE BIVAfrom Institutional Stock Exchange (Biva), fell 0.14% to 1,078.73 units.
S&P/BMV IPC
Within the benchmark, most components ended the session in negative territory, with 20 in the red and 15 in the green. The worst performances of this session were the shares of Peñoles, which fell 6.77%, and Orbia, with 3.49 percent.
Going forward, Grupo Financiero Monex analysts projected that the reference index will reach a target level of 56,500 points by the end of 2023, which would be equivalent to an estimated return against levels of around 9 percent.
jose.rivera@eleconomista.mx
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