The Mexican stock market ended the negotiations on Monday with a moderate loss. Shares in the local market fell after a positive day, and on a day of reduced liquidity due to the closing of wall street for a holiday in USA.
The index reference S&P/BMV IPC of the Mexican stock exchange (BMV), made up of the 35 most traded shares in Mexico, fell -0.49% to 47,780.72 points. The FTSE BIVAof the Institutional Stock Market (Biva), lost -0.49 at a level of 989.04 units.
Within the reference index, most of the components ended the day in the red, with 19 values in negative and 16 in positive. The losses led Mexico Group, with -5.03%; followed by Qualitaswith -3.18%, and the BMV Groupwhich yielded -2.55 percent.
Outside the benchmark index, shares of Grupo Aeroméxico, which controls the country’s largest airline, led gains with a rise of 13.15 percent. These papers also rose sharply last Friday after a major crash.
The fall was due, according to analysts, to the market’s fear of a recession: “The markets remain concerned about inflation and the actions of the main central banks to contain its advance and the risk of a recession,” Ci Banco explained.