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The Mexican stock market operates at a loss, driven by FEMSA

The Mexican stock market operates at a loss, driven by FEMSA

The Mexican market indices go down, marking three consecutive weekly declines, being hit in this session by the shares of the retailer and bottler FEMSA

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The Mexican stock exchanges are operating at a loss Friday morning. Domestic market indices are down, marking three consecutive weekly declines, being hit in this session by the shares of the retailer and bottler FEMSA.

The benchmark S&P/BMV IPC index of the Mexican Stock Exchange (BMV), which includes the 35 most traded local stocks, is down 0.77% at a level of 56,710.65 points. The FTSE BIVA index of the Institutional Stock Exchange (Biva) is down 0.62% at 1,173.01.

Within the benchmark index, most stocks are declining. Notable drops include FEMSA, down 8.32% to 209.40 pesos; Coca-Cola Femsa, down 2.94% to 2.91 pesos, and Volaris, with a decrease of 2.38% at a price of 12.33 pesos.

Meanwhile, on Wall Street, the main ETFs related to emerging countries are operating at a loss, including the primary ETF tracking Mexico, the iShares MSCI Mexico, which is down by 1%.

Emerging countries, in general, are experiencing a negative day where commodities related to the Latin American region continue to fall, with declines accumulating almost 40% from highs in the case of agricultural products such as soybeans, wheat, and corn.

Commodities play a crucial role in the economies of many Latin American countries due to their significant reliance on natural resource exports. These commodities, which include agricultural products like soybeans, corn, and coffee, as well as minerals such as copper, gold, and silver, often represent a substantial portion of these countries’ export revenues.

The prices of these commodities directly impact the economic health and stability of Latin American nations, influencing government revenues, trade balances, and overall economic growth.

Moreover, commodity exports often drive investment, employment, and infrastructure development in these countries, making them vital drivers of economic activity and development.

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ABOUT THE AUTHOR See More
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
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