BMV opens lower and sketches weekly fall; América Móvil shares lose 1.42%

The Mexican Stock Exchange (BMV) lost its first operations this Friday, leading to its second consecutive weekly decline, after the US Federal Reserve outlined a more restrictive monetary policy.

The reference index S & P / BMV IPC it lost 0.31% to 50,310.89 points at 8:53 am.

A decline of 1.42% to 18.76 pesos from the shares of the telecommunications giant stood out America Movil after a vote by the sector’s regulator was finalized this week without authorizing it to enter the country’s pay-TV market.

On Thursday, the firm’s newspapers posted their biggest daily drop since early September 2021.

The Fed, meanwhile, said on Wednesday it would likely raise rates in March and reaffirmed plans to end its pandemic-era bond purchases that month before embarking on a significant reduction in its asset holdings.

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