Mexican Stock Exchange Falls 1.65% After Two Upward Sessions, Settles at 68,866.28 Points

The Mexican Stock Exchange (BMV) saw a significant downturn on Thursday, with its main index, the IPC, falling by 1.65% to close at 68,866.28 points. This decline occurred after two preceding sessions marked by strong gains, indicating a volatile trading environment.

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The capital market closed the session with mixed results among the main global stock indices, but in the United States, gains were observed due to risk appetite following a tentative agreement between the US and Iran to extend the ceasefire for 60 days.

Globally, stock markets presented a mixed picture. US markets, however, registered advances, fueled by increased risk appetite. This sentiment was partly attributed to a tentative agreement between the United States and Iran to extend a ceasefire for 60 days, suggesting a de-escalation of geopolitical tensions.

Within the Mexican market, several major companies experienced notable losses. Banorte saw a decline of 7.18%, followed by Walmex at -3.88%. Genomma Lab, Grupo Carso, and Coca-Cola Femsa also recorded losses of 2.74% and 2.45% respectively. Conversely, some companies managed to buck the trend, with Gentera leading the gains at 5.18%, followed by Finamex at 4.49% and Sitios Latinoamérica at 4.12%.

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In Mexico, the IPC closed the session with a loss of 1.65%, after two sessions of advances, with an accumulated gain of 2.56%.

Despite Thursday's pullback, the Mexican market has shown resilience over the month, with the IPC registering a 1.49% gain in May and a year-to-date return of 7.09% for 2026. The Mexican peso also showed slight appreciation against the dollar, trading at 17.32 units per greenback, up from 17.35 in the previous session.

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Despite Thursday's setback, the Mexican market shows a gain of 1.49% so far in May and its performance so far in 2026 is 7.09%.