Mexican Stock Exchange Logs Second Straight Gain, Ends Week Up 2.74%

Mexico's Stock Exchange (BMV) concluded the week with a notable advance, rising 1.46% on Friday and achieving a total weekly gain of 2.74%. This positive performance follows a six-session losing streak, bringing the benchmark Index of Prices and Quotations (IPC) to 67,954.55 units, in sync with global market movements.

Analysts attributed the broad gains to a positive international environment. Gabriela Siller, Director of Economic and Financial Analysis at Banco Base, explained that "the capital market closed the week with generalized gains globally." She highlighted that the IPC in Mexico "closed the week with an advance of 2.74%, gaining in three of the last four weeks."

Within the Mexican market, significant gains were reported by major companies including América Móvil (+10.2%), Televisa (+7.68%), Volaris (+7.41%), Grupo Carso (+6.71%), and Banorte (+6.31%). Enrique Covarrubias, Director of Economic Analysis at Grupo Financiero Actinver, noted that despite Friday's positive movement, the Mexican market shows a 0.92% decrease for June so far, but maintains a 5.67% advance for the year.

The peso also saw a slight appreciation, gaining 0.06% against the dollar to trade at 17.23 units per greenback, compared to 17.24 in the previous session. Trading volume reached 200.7 million shares, valued at 20.876 billion pesos (approximately $1.211 billion). Out of 698 companies traded, 419 advanced, 249 declined, and 30 remained unchanged.

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The capital market closed the week with generalized gains globally. In Mexico, the IPC closed the week with an advance of 2.74%, gaining in three of the last four weeks.