Mexican stock market advances driven by América Móvil shares

Mexico’s stock exchanges ended Tuesday’s negotiations with gains. Local stock indices advanced, contrary to their peers in the United States, supported by a strong positive movement in the shares of the giant América Móvil.

The index reference S&P/BMV IPC of the Mexican stock exchange (BMV), which groups the 35 most traded shares in the domestic market, gained 0.59% to 47,068.53 units. The FTSE BIVAof the Institutional Stock Market (Biva), rose 0.77% to 980.99 points.

S&P/BMV IPC

Within the reference index, most of the components ended the operations with decreases, with 15 values ​​in green and 20 in red. The giant América Móvil, owned by Carlos Slim, led the advance, with 5.05%, followed by Walmex, with 3.72 percent.

América Móvil’s shares soared after the company reported yesterday that the regulator has authorized the registration of the papers of its spun-off unit Sitios Latinoamérica. Owning 20 shares of América Móvil will entitle you to one Latin American Site.

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