The Mexican stock exchange (BMV) ended trading this Monday with a slight loss. Prices on the local stock market fell in the return to operations after the Easter period, in a volatile market that reacted to weak figures for the Chinese economy published today.
The index reference S&P/BMV IPC, made up of the most traded shares in the Mexican market, ended the session with a loss of -0.06% and at a level of 54,139.69 units. The index FTSE BIVAthe main of the Institutional Stock Market (Biva), requested -0.02% and closed with a level of 1,119.47 units.
Within the benchmark index, most components ended the day with gains, with 21 stocks in green and 14 in red. The worst performances among the main issuers were those of the airport GAPwith -5.98%; Cemexwith -2.75%, and Ravenwith a loss of -2.32 percent.
According to Banorte, the stock markets operated with a negative bias this day as investors evaluate the prospect of a more rapid restrictive monetary adjustment by the Federal Reserve and because China’s GDP data was affected by the new outbreak of Covid-19.