The Mexican Stock Exchange (BMV) This Thursday, it registered an advance of 0.11% in its main indicator, reaching 55,414 units, after the sharp drop of 1.58% on Wednesday, which ended up pushing it to close February with a loss of 3.41%.
“The capital market closed February with gains among the main global stock indices,”
The director of Economic and Financial Analysis of Banco Base, Gabriela Siller, explained to EFE.
He specified that in the United States, the Dow Jones gained 2.22% in the month; the Nasdaq Composite advanced 6.12% and the S&P 500 recorded a gain of 5.17%.
In Mexico, the expert noted, the Price and Quotation Index (CPI), the BMV’s main indicator, “closed February with a loss of 3.41%. Unlike the United States indices, the CPI closed February with losses, due to weak economic data from Mexico.”
Meanwhile, the director of Economic Analysis of the financial group Actinver, Enrique Covarrubias, pointed out that “in the monthly balance the CPI had a decrease of 3.41% in the midst of the publication of the quarterly reports for the fourth quarter of 2023.”
Likewise, he noted that the stocks with the greatest impact on their prices during February were Volaris (-9.88%), GCC (-9.46%) and Bimbo (-9.2%).
Despite this day’s advance, the index registers a decline of 3.5% so far this year and is 5.6% away from its historical maximum of 5,711.87 points.
On the day, the peso appreciated 0.35% against the dollar, trading at 17.05 units per greenback, after trading at 17.11, according to data from the Bank of Mexico.
The IPC closed the session at 55,414 units, with a gain of 63.39 points and a positive variation of 0.11% compared to the previous day.
The volume traded in the market reached 673 million securities for an amount of 27,935 million pesos (about 1,638 million dollars).
Of the 526 firms that traded on the day, 270 ended with their prices rising, 231 had losses and 25 closed unchanged.
The securities with the greatest upward variation were from the company Value Grupo Financiero (VALUEGF O), with 5.35%; of Grupo Aeroportuario del Sureste (ASUR B), with 4.37%, and of the real estate developer Grupo Gicsa (GICSA B), with 3.46%.
In contrast, the largest downward variations were from the frequently consumed products company Fomento Economico Mexicano (FEMSA UB), with -5%; from the wood and paper products company TEAK (TEAK CPO), with -4.37%, and from the Mexican Restaurant Corporation (CMR B), with -4.35%.
During the day, three of the four sectors advanced, financial (1.27%), industrial (0.81%) and frequent consumption (0.28%), and one fell, materials (-0.61%).
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