Mexican stock market opens with gains after a sharp drop


The Mexican stock exchange (BMV) began trading this week on the earnings side. The local stock market advances moderately after a session of sharp falls, with the papers of the retail giant walmex as a catalyst.

The index reference S&P/BMV IPC, made up of the 35 most traded shares in the country, advanced 0.34% to 51,590.67 units. The index FTSE BIVAof the Institutional Stock Exchange (Biva), moves 0.25% and is located at the level of 1,067.30 units.

Within the reference index, most of the components advanced, with 23 values ​​positive and 12 negative. With some of the best performances, Liverpool stands out, with 1.98%; Walmex, with 1.15%, and the Banorte bank, with 1.25 percent.

The shares of Walmex, the second largest issuer in the market, ended their fourth consecutive week of declines on Friday from a record high of 82.93 pesos and after presenting a report that was below expectations.

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