The stock markets of Mexico They closed the negotiations this Wednesday at maximums of one year. Local indices rose for the fourth consecutive session, in a market that was excited about the possibility of a pause in monetary tightening.
Headline inflation in the United States moderated at the year-on-year rate in April to 4.9%, a level not seen since April 2021. Investors believe that the downward trajectory will allow the Federal Reserve (Fed) give your rate hike cycle a pause.
In this context, the index of the Mexican stock exchange (BMV), S&P/BMV CPI, of the 35 most traded local stocks, advanced 0.15% to 55,534.68 units. He FTSE BIVAof the Institutional Stock Market (Biva), gained 0.30% and ended at 1,149.43 points.
Within the main index, most of the values closed the day in the green, with 25 gains and 10 declines. The best performances were obtained by the titles of Quálitas, with 3.65% more, in addition to the giant América Móvil, with 3.28 percent.
Contrary to the general performance of the market, the strong fall in the titles of Grupo México stood out. The mining giant lost 4.68%, as the second worst value in the market, amid a decline in the prices of copper and other industrial metals.
In its streak of four consecutive days with gains, from a close of 54,667.21 units last Thursday, the S&P/BMV IPC accumulates an advance of 1.59 percent. Against 1,132.29 points on the same Thursday, the FTSE BIVA is up 1.51 percent.
