During October and November of this year, various investors showed some optimism regarding a possible reduction in rates in 2023; however, in December the Federal Reserve (Fed) announced additional hikes and persistently restrictive language (in addition to anticipated hikes). Although slight improvements have been observed in the environment for global inflation, it has not been enough for the environment of concern for central banks to present changes.
“Despite the complicated global environment, various fundamental aspects have arisen in Mexico that have helped to mitigate these effects, among which nearshoring (a company that transfers part of its production to third parties) stands out. This global commercial trend of nearshoring has benefited two sectors mainly such as Fibras and airports,” Monex analysts said in a report.
Given this, the issuers of the S&P/BMV IPC that showed a negative performance were Volaris, with a drop of 55.61%; Televisa, with 54.03%; Cemex decreased 43.67%; Orbia, with 34%, and Elektra fell 29.08%.
In contrast, the actions that managed to stand out this year are mainly banks such as Banco del Bajío, with 67.26%; Gentera, with 66.46%; Grupo Financiero Inbursa, which rose 33.93%; Regional, with 31.94% and from a different category, Grupo Bimbo, with an increase of 30.7%.