The benchmark index rises driven by the shares of Grupo Financiero Banorte and Alsea.

The Mexican stock exchanges are up on Tuesday morning. Local indices are rising after three consecutive sessions of losses, ahead of the release of a series of key economic data in the United States, including the PCE inflation.

The S&P/BMV IPC index, from the Mexican Stock Exchange (BMV), composed of the 35 most traded local stocks, is up 0.77% at 56,988.62 points. The FTSE BIVA, from the Institutional Stock Exchange (Biva), is up 0.86% at a level of 1,175.03 units.

Within the benchmark index, most stocks are trading with gains. The shares of Grupo Financiero Banorte stand out, with an increase of 2.78% to a level of 174.74 pesos, and the franchise operator Alsea, with a 1.63% increase to a level of 80.24 pesos.

The Institutional Stock Exchange (Bolsa Institucional de Valores) announced the result of its first semi-annual rebalancing of 2024, which brings changes to the composition of its main index, the FTSE BIVA.

This time, FIBRA Terrafina (BIV:TERRA13) joins the select group of issuers that make up this index, meeting all the criteria established in its methodology. On the other hand, Nemak SAB (BMV:NEMAKA) (BIV:NEMAKA) has exited this group, marking an important transition in the stock market landscape.

The semi-annual rebalances of the FTSE BIVA, conducted in March and September, ensure that the index maintains its representativeness and accurately reflects the evolving market reality. Additionally, being part of the FTSE Russell index family, a leading company in the creation and global distribution of indices, provides it with additional support in terms of credibility and international relevance.