BMV falls sharply pressured by shares of América Móvil; closes its worst month in two years


The Mexican stock exchange (BMV) suffered a strong setback in the negotiations this Friday, only one day after having interrupted a streak of six consecutive falls. The local stock market lost in line with its US peers, posting its worst monthly performance in April since March 2020.

The index reference S&P/BMV IPC, made up of the 35 most traded shares in the country, also with capitalization criteria, yielded -2.27% in the session and closed at 51,417.97 points. Compared with a record of 56,536.68 units in March, the local market’s main index fell 5,118.71 points or 9.05 percent.

S&P/BMV IPC

Within the reference index, most of the components ended the day with losses (28 values ​​in red and seven in green). The telecommunications giant América Móvil led the declines, with 4.93% less to 19.86 pesos, followed by those of the airline Volaris, which subtracted 4.49% to 32.73 pesos.

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