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.