BMV and Biva rise sharply amid increased risk appetite

The Mexican stock exchange (BMV) operates with profits this Wednesday. The local stock market advances, in line with the performance of its most important peers, given an increase in risk appetite in the markets, despite negative comments from the Federal Reserve (Fed) on inflation.

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, gains 1.20% and stands at the level of 50,292.63 units. The index FTSE BIVA, main of the Institutional Stock Exchange (Biva), advancing 1.39% to 1,038.73 units.

S&P/BMV IPC

Within the benchmark, most stocks are profitable, with 31 in green, one in red, and three unchanged. The best performances are the shares of Alsea, with 3.11%; The Port of Liverpool, with 2.98%, and the airports Asur and GAP, with 3.02% and 2.95% respectively.

Fear of a new impact of the pandemic on the economy rose at the end of November due to the discovery of the Omicron variant, which could resist existing vaccines. Federal Reserve Chairman Jerome Powell added to risk aversion by saying that this inflation is not transitory.

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Reference-www.eleconomista.com.mx

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