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Mexican Stock Exchange gains 0.62% to close June at 67,640 units
🇵🇾 Paraguay /Economy & Trade

Mexican Stock Exchange gains 0.62% to close June at 67,640 units

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • The Mexican Stock Exchange (BMV) gained 0.62% on Monday, closing June with its main index at 67,640.59 units.
  • Trading was briefly suspended due to duplicate data but resumed, with technology sector optimism driving global markets.
  • Key Mexican companies like Gentera and Banregio saw significant gains, contributing to the market's positive performance.

The Mexican Stock Exchange (BMV) closed Monday with a 0.62% gain, pushing its main index, the IPC, to 67,640.59 units as June drew to a close. This performance occurred amidst mixed results in global capital markets, with U.S. markets showing gains fueled by optimism in the technology sector.

The capital market closed the session with mixed results among the main stock indices globally. In the United States, gains were observed due to optimism about technology sector issuers.

— Gabriela SillerDirector of Economic and Financial Analysis at Banco Base, explaining the market's performance.

Gabriela Siller, director of Economic and Financial Analysis at Banco Base, noted that the IPC reached its highest level since June 19. However, the day was not without its disruptions. The BMV temporarily suspended trading in stocks, metals, and fixed income due to duplicate data in its database. Operations resumed around 9:55 AM local time.

In Mexico, the IPC closed the session with a gain of 0.62% at its highest level since June 19.

— Gabriela SillerDirector of Economic and Financial Analysis at Banco Base, commenting on the IPC's performance.

Within the Mexican market, notable advances were seen in companies such as Gentera (+3.73%), Banregio (+3.39%), and Orbia (+3.06%). Despite the day's positive close, Enrique Covarrubias, director of Economic Analysis at Grupo Financiero Actinver, pointed out that the Mexican market remains down 1.38% for June. However, the year-to-date performance shows a positive advance of 5.18%.

The BMV suspended its operations in the stock, metals, and fixed income markets due to duplicate information in the database. After several hours, the BMV resumed operations at 9:55 AM local time.

— Gabriela SillerDirector of Economic and Financial Analysis at Banco Base, detailing the trading suspension.

The Mexican peso also saw a slight appreciation, gaining 0.17% against the dollar to trade at 17.47 units. Trading volume reached 61 million shares worth 11.881 billion pesos (approximately $680 million). Of the 544 companies traded, 328 closed higher, 205 fell, and eleven remained unchanged. Top gainers included Alpek (+4.63%), Grupo Traxión (+4.57%), and Autlán (+3.78%), while Viviendas Integrales (-4.97%) and Organización Soriana (-3.2%) were among the biggest decliners.

After the positive movement this Monday, year-to-date, the Mexican market is up 5.18%.

— Enrique CovarrubiasDirector of Economic Analysis at Grupo Financiero Actinver, providing year-to-date market context.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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