The Mexican stock exchange (BMV) closed with gains for the fourth consecutive day. The stock market advanced a day after the Bank of Mexico raised its key rate by 50 basis points to close the week with a positive balance.
The index reference S&P/BMV IPC, made up of the 35 most traded stocks in the country, moved 0.55% to 49,579.9 points. In the week, from a record of 49,541.81 units last Friday, it accumulated a gain of 0.08 percent.
Within the index, most of the components ended the day with positive performances, with 25 values in green and 10 in red. Banorte titles stood out, with 7.94%; BanBajío, with 4.14%, and Volaris, which gained 4.13 percent.
Outside the index, shares of GMD (Mexican Development Group) registered a strong advance of 20.91 percent. With losses, highlighted Axtel, which moved -11.28 percent. The S&P/BMV IPC accumulated five weekly drops.