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.