The Mexican Stock Exchange (BMV) closed the negotiations on Tuesday with a substantial profit. The local stock market advanced for the third consecutive session, online its pairs of Wall street, driven by higher global risk appetite after a turbulent week in the markets.
The index reference S & P / BMV IPC, consisting of the shares of the 35 issuers with the highest value by capitalization and liquidity in Mexico, recorded a gain of 0.88% to the level of 51,782.67 units. The index FTSE BIVA, van Institutional Stock Market (Biva), rose 0.92% to the level of 1 069.99 points.
Within the reference index, most of the components ended the day in positive territory, with 26 values in green and only nine in red. The best performances were for Alsea shares, with 4.94%; Grupo Financiero Inbursa, with 3.39%, and BanBajío, with an increase of 3.36 percent.
At the end of January, the markets registered volatile behavior, influenced by fears of a restrictive stance by the Federal Reserve. After the short period of risk aversion, the indices appear to be resuming their rises. In three sessions, the S & P / BMV IPC has already recovered 2.61 percent.
Reference-www.eleconomista.com.mx