BMV and Biva back down with attention to tensions between Russia and Ukraine


The Mexican stock exchange (BMV) operates with heavy losses this Wednesday. The stock market falls back and ends with its advance registered in the previous day. The markets remain attentive to the evolution of tensions between Ukraine and Russia, which received some sanctions from Western countries.

The index reference S&P/BMV IPCmade up of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, loses -1.28% and stands at 51,925 units, while the index FTSE BIVAthe main of the Institutional Stock Exchange (Biva), loses -1.30% to 1,071.79 units.

S&P/BMV IPC

Within the reference index, most of the components operate in the red, with 28 of their values ​​in negative territory, six in green and one without changes. The worst performances of Cemex, with -3.28%; América Móvil, with -2.89%; Grupo Televisa Unit, with -2.47%, and the mining company Grupo México, with -2.44 percent.

Moscow has deployed troops to breakaway regions in eastern Ukraine. The United States, the European Union, the United Kingdom, Australia, Canada and Japan responded with plans to undercut their banks and restrict lawmakers’ travel, and earlier Germany froze a gas pipeline project from Russia.

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