The Mexican stock exchange (BMV) suffered a strong setback in the negotiations this Friday, only one day after having interrupted a streak of six consecutive falls. The local stock market lost in line with its US peers, posting its worst monthly performance in April since March 2020.
The index reference S&P/BMV IPC, made up of the 35 most traded shares in the country, also with capitalization criteria, yielded -2.27% in the session and closed at 51,417.97 points. Compared with a record of 56,536.68 units in March, the local market’s main index fell 5,118.71 points or 9.05 percent.
Within the reference index, most of the components ended the day with losses (28 values in red and seven in green). The telecommunications giant América Móvil led the declines, with 4.93% less to 19.86 pesos, followed by those of the airline Volaris, which subtracted 4.49% to 32.73 pesos.