The Mexican Stock Exchange (BMV) traded at gains in its first trade on Tuesday. For the third consecutive day, the local stock market is moving hand in hand with other markets such as Wall street amid a greater appetite for risk assets and in a market expecting more quarterly reports.
The index reference S & P / BMV IPC, which consists of the shares of the 35 issuers with the highest value according to capitalization and liquidity in Mexico, wins 0.34% and stands at a level of 51,504.13 points. The index FTSE BIVAthe head of the Institutional Stock Market (Biva) is 0.33% higher at 1,063.77 units.
Within the reference index, most of the values work with gains, with 18 of their components in green, 16 in red and one without changes. The best performance so far this session is for Alsea, with 3.07%; Grupo Televisa Unit, with 2%, and Grupo Financiero Inbursa, which wins 1.68 percent.
“We expect the latest comments from members of the Fed to continue to be assimilated, expressing a preference for a cycle of interest rate hikes that is more gradual and less disruptive to the economy,” the financial group analysts explained Ve por Más in a report for media and clients.
Reference-www.eleconomista.com.mx