The Mexican stock exchange (BMV) closed the session this Tuesday with a drop of 1.36%, which represented a variation of 698.53 points and its biggest daily drop since March 7, the S&P/BMV IPC Index closed at 55,547.29 units.
The BMV linked its second day of losses after reaching a new all-time high last Friday, in a market marked by concern about the possibility of new sanctions against Russia for alleged crimes of war in ukraine.
In the Mexican market, 179,414,876 titles were traded.
It still seems to us that the strength of the benchmark these days warrants caution, a few days before the corporate reporting season and given the permanence of risks at the global and local levels,” said Montserrat Antón, strategist at Invex Grupo Financiero.
The best-performing titles in the S&P/BMV IPC were those of OMA, with an advance of 2.56%, to close at 156.94 points. Negative values outnumbered positive values by 166 vs. 103, with 19 ending unchanged.
Minetras the securities of Grupo México led the losses, with 4.69% less to 113.27 pesos, followed by those of the telecommunications firm Megacable Holdings that subtracted 3.79% that were placed at 59.45 pesos.
This Tuesday’s session marked a day of strong volatility for Real Credit securities, which is struggling with the non-payment of a bond, after yesterday the Secretary of Finance reported that its financial position is unfavorable, although it does not imply risks for the stability of the system as a whole.
Credito Real shares sank 13.8% to 1.12 pesos, with a cumulative decline of 86.4% so far in 2022.
(With information from Reuters)