Mexican Stock Exchange loses 0.29% and falls for the fourth session


The Mexican stock exchange (BMV) fell in the session this Thursday. The local stock market fell back after knowing a figure of local inflation that raised the bets of new hikes in the rates of the Bank of Mexico and the minutes of the March meeting of the central bank, which also support this possibility.

The index reference S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in the country, lost 0.29% to a level of 55,280.59 units and had its fourth consecutive fall. The index FTSE BIVAof the Institutional Stock Market (Biva), lost 0.28% to 1,142.29 units.

S&P/BMV IPC

Within the benchmark index, most components ended the session in negative territory, with 28 in the red and seven in the green. The worst performances of the day were for Grupo Financiero Banorte, with -2.88%; Volaris, with -2.61%, and the Port of Liverpool, with a loss of -2.01 percent.

The Inegi reported that Mexico’s inflation accelerated in March by 0.99% monthly or 7.45% year-on-year, to a level not seen since January 2001, which reinforces bets on a rate hike in Mexico. On the other hand, in Banxico’s minutes, the authority admitted that inflation expectations grew.

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