The Mexican stock market advances for the fifth consecutive day and gains 6.78%

Las stock markets of Mexico They advanced for the fifth consecutive day this Friday. The local indices accumulated strong gains in the first week of 2023, extending the movement after the publication of an employment report in USA.

The referential index S&P/BMV IPC from Mexican stock exchange (BMV), which groups the 35 most liquid shares in the domestic market, rose 1.82% to 51,730.5 units. The FTSE BIVAfrom Institutional Stock Exchange (Biva), rose 1.75% to 1,078.84 points.

S&P/BMV IPC

Compared with a close of 48,463.86 points last Friday, the S&P/BMV IPC index accumulated a gain of 6.78% in the first week of 2023. With a closing record of 1,012.14 points last Friday, the FTSE BIVA improved by 6.59 per hundred.

During the day, most of the components of the reference index closed with gains, with 33 in green and two in red. The best performances were obtained by the shares of Grupo Carso, with 4.44%, followed by those of Orbia Advance, with 4.31 percent.

The US Nonfarm Payrolls report released earlier in the day indicated the world’s largest economy continued to post a strong pace of job creation in December with unemployment falling to 3.5 percent. Wall Street advanced.

jose.rivera@eleconomista.mx