The Mexican stock market, BMV, is operating with losses; Bimbo shares are under pressure.

The Mexican market indices are falling after a positive opening, pressured by Grupo Bimbo’s shares, which presented a weaker-than-expected quarterly report.

The Mexican stock exchanges trade in negative territory on Tuesday morning. The local market indices are falling after a positive opening, pressured by Grupo Bimbo’s shares, which yesterday, after the close, presented a quarterly report weaker than expected.

The benchmark S&P/BMV IPC index of the Mexican Stock Exchange (BMV), which measures the 35 most traded local stocks, falls by 0.33% and stands at 57,297.94 points.

Within the benchmark index, most components are operating at a loss. Bimbo stands out among the declining stocks, with a 3.89% decrease. Grupo Bimbo shares are falling sharply after reporting fourth-quarter figures below expectations.

This happens in a context in which today it was announced that Foreign direct investment reached a new record during 2023.