The Mexican stock exchange (BMV) ended trading on Thursday with a heavy loss. The stock market fell in a volatile day, in line with wall streetafter comments from the president of the Federal Reserve (Fed), Jerome Powellabout a possible increase of 50 base points to the rates.
The index reference S&P/BMV IPCmade up of the 35 most liquid stocks and the companies with the largest capitalization, fell -1.05% and closed at the level of 53,267.31 points, while the index FTSE BIVAof the Institutional Stock Market (Biva), fell -1.03% to close at the level of 1,102.31 units.
Within the reference index, most of the components ended the session in negative territory, with 10 values in green and 14 in red. The worst performances of the session were the media giant Televisa Unit Groupwith -5.28%; Cemexwith -5.09, and Carso Groupwith -4.12 percent.
In the quarterly reports, the shares of Grupo Financiero Banorte closed with a gain of 0.53% after having reported that its net profits increased 26% year-on-year in the first quarter, to 10,748 million pesos and informed that by 2022 it expects a profit of 42,000 millions.