Mexican stock market gains 0.82%, rises to 66,514.3 units

The Mexican Stock Exchange (BMV) experienced a positive trading day, closing with a gain of 0.82% and bringing its main indicator, the Price and Quotations Index (IPC), to 66,514.3 units. This marks the second positive closing session in the last three trading days for the market.

According to Jesús Anacarsis López, subdirector of Economic and Financial Analysis at Banco Base, the positive performance across global stock markets contributed to the gains. Specifically within Mexico, the financial sector's strong results and the news that the U.S. government will not impose a 20% transit fee on the Strait of Hormuz were key drivers. López noted that the IPC closed with a gain of 0.82%, continuing a trend of positive performance in two of the last three sessions.

Among the notable advances within the Mexican market were Femsa, which rose 3%, GCC with a 2.37% increase, Banorte up 2.26%, Banco del Bajío gaining 2.18%, and Grupo México advancing 2.03%. Despite the positive movement on Tuesday, Enrique Covarrubias, director of Economic Analysis at Grupo Financiero Actinver, pointed out that the Mexican market's performance in July shows a -0.68% return, while the year-to-date gain stands at +3.43%.

In currency markets, the Mexican peso strengthened by 0.51% against the U.S. dollar, trading at 17.43 units per dollar, compared to 17.52 in the previous session, according to data from the Bank of Mexico. The trading volume on the exchange reached 165 million shares, with a total value of 17,507 million pesos (approximately $1.004 billion USD). Of the 694 companies listed, 307 closed with price increases, 357 registered losses, and 30 remained unchanged.