BMV and Biva advance with greater appetite for risk after Fed announcement

The Mexican stock exchange (BMV) advances in its first negotiations on Thursday. The local stock market gains driven by a greater appetite for risk assets, following the optimistic prospects of the Federal Reserve Yesterday. The market awaits the announcement of monetary policy from Bank of Mexico.

The benchmark stock index S&P/BMV IPC, made up of the securities of the 35 issuers with the highest value by capitalization and liquidity in Mexico, moves 0.71% to 51,525.26 points. The incidus FTSE BIVA, the main index of the Institutional Stock Exchange (Biva), gains 0.70% and reaches a level of 1,063.82 units.

S&P/BMV IPC

Within the benchmark index, most of the components trade advances with 22 values ​​in green and 13 in red. The gains are led by the retail giant Walmex, with 2.46%; followed by Grupo Financiero Banorte, which gained 1.92%; Genomma Lab, with 1.90%, and Alsea, with an increase of 1.81 percent.

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Reference-www.eleconomista.com.mx

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