Mexican Stock Exchange retreats, pointing to a weekly drop of 0.37% to 67,705.37 units

Mexico's stock market experienced a downturn, with the Mexican Stock Exchange (BMV) Index of Prices and Quotations (IPC) declining by 0.82% on Friday. This latest drop extended a losing streak to three consecutive sessions, pushing the index to close the week with a cumulative loss of 0.37% at 67,705.37 units.

This performance occurred against a backdrop of general optimism in global capital markets, fueled by hopes that the conflict in the Middle East has concluded. However, the Mexican market bucked this trend, experiencing losses in two of the last three weeks, according to Gabriela Siller, director of Economic and Financial Analysis at Banco Base.

Within the Mexican market, several major companies registered significant weekly declines. Grupo Carso saw a drop of 5.76%, followed by Coca-Cola Femsa (-4.34%), Pinfra (-3.99%), Grupo Aeroportuario del Centro (-3.94%), and the Bolsa Mexicana de Valores itself (-3.67%).

Despite the week's losses, Enrique Covarrubias, director of Economic Analysis at Grupo Financiero Actinver, noted that the market has shown a slight positive movement so far in June (-1.29%) and a more substantial advance of 5.28% year-to-date. In currency trading, the Mexican peso appreciated slightly against the dollar, trading at 17.33 units per greenback.