Mexican stock market closes negative week

The stock markets in Mexico ended this Friday with a moderate loss. Investors reacted to new US jobs figures that showed firmness in the economy, but supported bets on more rate hikes.

the leading index S&P/BMV IPC of the Mexican stock exchange (BMV), which groups the 35 most traded local shares, fell 0.41% to 46,723.43 units. The FTSE BIVAof the Institutional Stock Exchange (Biva), moved 0.48% to 970.39 units.

S&P/BMV IPC

Within the reference index, most of the components closed the session in the negative, with 10 values ​​in green and 25 in red. The worst performances were those of Gruma papers, with 2.94%; Peñoles, with 2.87%, and BMV, with 2.51 percent.

The US Department of Labor said 528,000 jobs were created in the world’s largest economy in July, well above the 250,000 expected and a figure of 398,000 in June. Unemployment fell to 3.5% from 3.6%.

During the week, the two stock indices showed strong losses. The S&P/BMV IPC fell 1,420.9 points or 2.95% from a level of 48,144.33 units, while the FTSE BIVA lost 29.41 points or 2.94% from a close of 999.80 units.

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