The Mexican stock exchange (BMV) trades with profits on Thursday morning, after a day of sharp decline. The actions in the local square advance in a market attentive to the NATO meeting to discuss new responses to the Russian invasion of Ukraine that takes place today in Brussels, Belgium.
The index reference S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in the Mexican market, moves 0.23% to the level of 55,284.01 points. The FTSE BIVAmain of the Institutional Stock Market (Biva), advanced 0.27% to 1,141.23 points.
The performance of the local market is in line with that of its American peers. Within the leading index, most of its components advance: 21 in green and 14 in red. The advances of Grupo México stand out, with 3.29%; Grupo Carso, with 2.51%, and Peñoles, with 2.06 percent.
On the local side, the market awaits Banxico’s monetary policy decision later in the day. Analysts anticipate an increase in the benchmark interest rate of 50 basis points, to 6.5 percent. The US Federal Reserve raised its rates last week.