The stock markets of Mexico they returned to negative ground this Tuesday, after a day of strong advance. Local indices fell in line with their peers Wall Streetin a cautious market between mixed reports and waiting for key data.
The leading index of the Mexican stock exchange (BMV), the S&P/BMV CPI, which groups the 35 most stock local shares, fell 0.63% to 54,371.09 units. He FTSE BIVAof the Institutional Stock Market (Biva), lost 0.71% and closed at 1,125.57 units.
Within the benchmark, most stocks ended the day in the red: 23 fell and 12 rose. The worst performances today were the shares of Volaris, with a strong loss of 7.01%, and Banco Regional, with 5.88 percent.
Volaris, a low-cost airline that has become the largest in Mexico according to the number of passengers, fell 9% after reporting quarterly results the day before that failed to convince investors.
“The boost in passengers and a more normalized base of jet fuel costs reflected significant advances in the first quarter; however, there was pressure on profitability, which was below expectations,” said Grupo Financiero Banorte.
