BMV and Biva fall sharply and close a negative week

The mexico stock exchanges trading on Friday ended with heavy losses, impacted by a wave of aversion to risky assets in the markets. The indices fell in the weekly accumulated for the second week in a row.

the leading index S&P/BMV IPC of the Mexican stock exchange (BMV), which groups the 35 most traded shares in the local market, lost 2.01% to 45,395.94 units. The FTSE BIVAof the Institutional Stock Exchange (Biva), fell 1.98% to 949.62 points.


In the weekly accumulated, the S&P/BMV IPC registered a fall of 2.94% compared to 46,769.78 units at the end of last week, and the FTSE BIVA fell 2.44% against 973.39 units in the closing record of last week.

Recession fears were mainly aggravated in some euro zone countries by a decline in business activity in September, according to the Composite Purchasing Managers’ Index (PMI) survey by S&P Global.

Within the leading index, most of the values ​​closed the day in the red, with 31 components with losses and only four with advances. The worst setbacks were Volaris, with 5.21%; Grupo México, with 4.51%, and Peñoles, with 4.24 percent.

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