Mexican Stock Exchange Falls 2.3% in August

The Mexican stock market lost ground in August, but the decline did not erase its strong performance for the year. The IPC index ended the month at 65,430 points, down 2.3% from July and still 17% above its level at the end of 2025.

Several large companies weighed on the benchmark. Volaris shares fell 18.3% during the month, followed by Orbia at 13%, Megacable at 12%, América Móvil at 11.2% and Cemex at 10.7%.

Enrique Covarrubias, Actinver’s director of economic analysis, pointed to the index’s year-to-date gain despite the August setback. A survey by the Mexican Association of Brokerage Institutions, conducted from July 29 to Aug. 5, found that market participants expect the exchange to finish the year above 71,494 points. Imecaf gave the most optimistic forecast, at 74,000, followed by Banorte at 73,500 and independent analyst Gaspar Alberto Quijano Paredes at 73,000. Economatica offered the lowest projection, at 68,697 points.

Banorte strategists expect the index to trade between 64,500 and 66,700 points during the week. The next changes to the IPC composition are due to be announced Friday. Banorte expects petrochemical company Alpek to join, while Liverpool and Volaris are among the leading candidates to leave the 35-stock index. The changes are scheduled to take effect at the close of Sept. 18.