BMV and Biva fall sharply in volatile session due to Fed position

The Mexican Stock Exchange (BMV) concluded the negotiations this Thursday with a strong setback. The local stock market declined in line with the performance of its peers in the United States, one day after monetary policy announcements by the Federal Reserve set out a more restrictive stance in its communications.

The index reference S & P / BMV IPC, consisting of the papers of the 35 issuers with the highest value by capitalization and liquidity in Mexico, lost -1.19% and closed at the level of 50,429.40 units. The index FTSE BIVAthe head of the Institutional Stock Market (Biva), down -1.15% with a close of 1 041.96 units.


Within the benchmark index, most components ended the session with losses, with 20 stocks in the red and 15 in the green. The worst performances were Kimberly Clark’s titles, with -4.24%; in addition to América Móvil, with -3.94%; Bimbo, with -2.97%, and Grupo México, which lost -2.67 percent.

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