Mexican Stock Market Falls 0.9%, Extends Losing Streak to Six Sessions

The Mexican stock market continued its downward trend on Wednesday, with the main index, the IPC, shedding 0.9%. This marks the sixth consecutive trading day of losses and the ninth decline in the past ten sessions, pushing the index down to 64,821.61 units. This streak of losses has not been seen since November 2024.

Globally, stock markets experienced widespread declines, with the exception of London's FTSE 100, which saw a modest gain of 0.27%. Analysts attribute these global losses to increased tensions in the Middle East. In Mexico, specific companies like Gentera, which fell 5.33%, and Industrias Peñoles, down 3.76%, were among those that registered significant losses.

Despite the recent downturn, the Mexican market has shown resilience over the year. Year-to-date, the IPC has gained 0.8%. In contrast, the peso strengthened by 0.22% against the U.S. dollar, trading at 17.4 units per dollar.

Trading volume on Wednesday was substantial, with 245.5 million shares changing hands for a total value of 21.895 billion pesos (approximately $1.258 billion). Out of the 701 companies listed, 221 closed with gains, while 448 registered losses, and 32 remained unchanged. Notable gainers included Grupo Carso, Vista Oil & Gas, and Grupo Hotelero Santa Fe, while Grupo Vasconia, Proteak Uno, and Grupo Traxión were among the biggest decliners.