BMV closes with losses for the fifth consecutive day


The Mexican stock exchange (BMV) ended trading this Friday with a heavy loss. Stock prices in the Mexican market fell for the fifth consecutive day, because bets of lower economic growth due to imminent rate hikes increased.

The index reference S&P/BMV IPC, made up of the shares of the 35 largest issuers by capitalization and most traded in the local market, moved -1.07% to a record of 54,687.25 units. During the week, the main index of the Mexican market showed a decline of -3.40 percent.

S&P/BMV IPC

Within the reference index, most of the components closed the session in negative territory, with 25 values ​​in red and 10 in green. The worst performances were Regional, with -8.69%; the giant Cemex, with -4.86%; Grupo Carso, with -3.17%, and GAP, which fell in the session -2.97 percent.

This week the Federal Reserve acknowledged in its minutes that the price of money may rise faster at its upcoming meetings. The Bank of Mexico also mentioned in its minutes that the inflation expectation for the year rose. The Inegi published the highest inflation figure in 21 years.

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