BMV and Biva close with gains after a volatile session

The Mexican stock exchange (BMW) ended Tuesday’s negotiations with a profit. The local stock market advanced in a volatile session, after a session in red and that was initially in line with the performance of Wall Street and the lower appetite for risk assets in the markets.

The benchmark index S&P/BMV IPC, made up of the shares of the 35 issuers with the highest value by capitalization and liquidity in the local market, advanced 0.37% to a level of 51,576.58 units. In the Institutional Stock Exchange (Biva), the index FTSE BIVA it gained 0.46% to close with a record of 1,060.89 units.

S&P/BMV IPC

Within the benchmark index, a balance between gains and losses was observed with 17 components in red, 17 in green and one unchanged, due to indecision in the market. The gains were led by Kimberly Clark de México, with 4.51%, and Liverpool, with 4.26%, and with -2.87%, GAP led the losses.

A higher perception of risk was observed in global financial markets as a weak data for July retail sales was published in the United States, added to a batch of disappointing economic figures published on Monday in China, which lit up alerts about the impact of the pandemic.

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