The Mexican stock exchange (BMV) backed down in the negotiations on Friday, after confirming in Mexico a case of the new Covid-19 Omicron variant. But despite its loss, the stock market maintained a positive weekly balance, after having ended with falls the previous three weeks.
The benchmark index S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in the Mexican market, lost -0.65% and closed at 50,597.29 units. In its accumulated balance, it achieved a gain of 2.23% compared to a record of 49,492.52 units on November 26.
Within the benchmark, most of the components ended operations negative, with 21 stocks in red and 14 in green. Investors are keeping an eye out for information on the Omicron variant. The worst performances were Cemex, with -3.09%, and Telesites, which lost -2.41 percent.
Mexico became the second country in Latin America on Friday, after Brazil, to confirm a case of the new mutation of the global disease. According to analysts, the market’s behavior was also influenced by profit-taking, having advanced strongly yesterday.
Reference-www.eleconomista.com.mx