The Mexican stock exchange (BMV) ended trading this Monday with a heavy loss. The local stock market fell for the fourth consecutive day, amid a wave of aversion to risk assets due to fear of the impact on the economy due to the new confinements in areas of China.
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 Mexico, ended with a loss of -1.04% at a level of 52,640.83 units. The index FTSE BIVAmain of the Institutional Stock Exchange (Biva), lost -1.11% to 1,089.49 units.
Within the reference index, most of the components ended the day in negative territory, with 11 values in green and 24 in red. The worst performances of the session were the shares of Grupo Financiero Banorte, with -4.78%; Vesta, with -2.26%, and OMA, with a fall of -2.08 percent.
In its negative streak, from a record of 54,633.76 units last Tuesday 19, the S&P/BMV IPC index accumulates a loss of 1,992.93 units, equivalent to 3.65 percent.