The Mexican stock exchange (BMV) ended the first session of May with a gain of almost 1 percent. Prices rebounded in the local market, in line with what was observed in New York, after a day of heavy losses that extended the fall in April.
The index reference S&P/BMV IPC, which groups the 35 most traded shares in Mexico, closed with an advance of 0.96% to 51,887.47 units. The index FTSE BIVAmain of the Institutional Stock Exchange (Biva), moved 0.91% and finished with 1,074.32 points.
Within the reference index, most of the components ended the day with gains, with 19 values in green and 16 in red. Bimbo papers stood out, with 6.66%; Grupo Financiero Banorte, with 4.73%, and Gruma, which moved 4.71 percent.
Investors await the two-day meeting of the Federal Reserve of the United States and its subsequent announcement of monetary policy. The bets consider a greater increase in interest rates of up to 50 basis points to respond to strong inflation.