Mexican Stock Exchange Closes with Losses; Quálitas Decline Stands Out
Quálitas led the decline, falling 2.15% to 183.16 pesos.
The Mexican stock markets fell during Thursday’s trading session. Local indices declined in a low-volume day, as Wall Street was closed for the U.S. Independence Day holiday.
The benchmark index of the Mexican Stock Exchange (BMV), the S&P/BMV IPC, which includes the most traded local stocks, lost 0.27% to close at 52,654.85 points. The FTSE BIVA, from the Institutional Stock Exchange (Biva), dropped 0.24% to 1,079.66 points.
Within the benchmark index, most stocks recorded losses. Quálitas led the decline, falling 2.15% to 183.16 pesos. The insurance company was followed by franchise operator Alsea, which dropped 1.78% to 63.07 pesos.
Investors are awaiting the release of a monthly employment report in the United States tomorrow, which will help the Federal Reserve (Fed) make decisions regarding the timing of interest rate cuts.
Investors are also keeping an eye on domestic political developments, as President-elect Claudia Sheinbaum continues to unveil her cabinet, focusing on security, education, and welfare.
Regarding foreign direct investment (FDI), Comce’s projections indicate that Mexico could receive inflows amounting to $39 billion in 2024.
Mexico is expected to see year-over-year growth of 3% in product exports and 8% in the attraction of Foreign Direct Investment (FDI) in 2024, projected the Mexican Business Council for Foreign Trade, Investment, and Technology (Comce) on Thursday.
On one hand, Mexico’s exports of goods to the world increased by 2.6% in 2023 compared to 2022, reaching $593.012 billion.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals