The Mexican stock exchange (BMV) is trading at a loss this Wednesday. The local share market returns to negative territory after having interrupted a streak of six falls yesterday, in a session in which it was known that inflation in Mexico accelerated more than expected to its highest level in two decades.
The benchmark index S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, moves -0.62% to a level of 50,801.64 points. The index FTSE BIVA, main of the Institutional Stock Exchange (Biva), it moves -0.54% and is at 1,047 units.
Within the benchmark, most components trade at a loss: only six trade at gains and 29 are down. The worst performances are Telesites, with -2.76%; Grupo Carso, with -2.45%, and Televisa, with -2.41 percent. The giants of the square, América Móvil and Walmex, also fell.
Annual inflation in Mexico accelerated in the first half of November above expectations to its highest level in more than two decades, reinforcing expectations that the Bank of Mexico could raise its interest rate for the fifth consecutive time from reference next month.
Reference-www.eleconomista.com.mx