The Mexican stock exchange (BMV) is trading at a loss in its first trading on Tuesday. The local share market falls for the third consecutive day, after two weeks of advances. The market expects monetary policy announcements this week and more news on the Covid-19 Omicron variant.
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, gained 0.10% to 50,369.53 units, with a cumulative fall close to 1.7 percent. The FTSE BIVA, from Institutional Stock Exchange (Biva), moves -020% to a level of 1,038.01 units.
Within the benchmark, most components are trading at a loss, with 20 components in red, seven in green and the rest still unchanged. Grupo Financiero Inbursa led the decline, with -2.40% to 21.14 pesos, followed by those of the bakery Grupo Bimbo, which subtracted -1.90% to 55.75 pesos.
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