BMV and Biva close in red due to fears of a global recession

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.

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