BMV and Biva trade with profits hand in hand with Wall Street

The Mexican stock exchange (BMW) advances in its first negotiations this Thursday. The local stock market turns green, hand in hand with its peers in the United States, with the attention of investors in the quarterly reporting season of the third quarter and led by the titles of Alsea.

The benchmark S&P/BMV IPC, made up of the shares of the 35 emioras with the highest value by capitalization and liquidity in Mexico, advanced 0.42% and is located at a level of 52,029.42. For its part, the index FTSE BIVA, from Institutional Stock Exchange (Biva) moves 0.37%, reaching 1,071.54 units.

S&P/BMV IPC

Within the benchmark, most of the components are profitable, with 25 stocks in green, nine in red, and one unchanged. Earnings are led by Alsea papers, with 2.07%; followed by the papers of the airport firms Asur, GAP and OMA with 1.83%, 1.75%, 1.35%, respectively.

Wall Street’s major indices rose after big banks reported better-than-expected quarterly results yesterday, helping investors take their eyes off the inflation concerns that dominate the markets.

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