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BMV falls after Fed decision; Megacable and Televisa led the decline

The stock markets of Mexico They ended the midweek session with losses. Local indices fell in line with Wall Streetafter trading indecisively for much of the day, in a session focused on US monetary policy.

The Federal Reserve (Fed) announced a new rate hike of 25 basis points. This placed them in a range of 5% to 5.25 percent. In his communication, he left the door open for a pause in the cycle of increases, but rejected the possibility of a rate cut.

The leading index of the Mexican stock exchange (BMV), the S&P/BMV CPI, which groups the 35 most stock local stocks, lost 0.42% to 54,947.01 points. He FTSE BIVAof the Institutional Stock Exchange (Biva), fell 0.41% to 1,137.42 units.

S&P/BMV CPI

Within the S&P/BMV IPC, most of the components closed the negotiations in negative territory, with 13 values ​​in the green and 22 in the red. The Megacable titles led the fall, with a 2.38, followed by those of Televisa, with 2.31 percent.

jose.rivera@eleconomista.mx

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