Mexico's Bolsa sees marginal weekly gain, closes at 66,938.64 units

Mexico's stock market concluded the week with a slight increase, marking its second consecutive week of gains. The Mexican Stock Exchange's (BMV) Price and Quotations Index (IPC) rose by 0.82% on Friday, bringing its weekly gain to a marginal 0.002%, or 1.65 units, closing at 66,938.64 units.

This positive performance aligns with a broader global market optimism. Gabriela Siller, Director of Economic and Financial Analysis at Grupo Financiero Base, explained that global capital markets benefited from positive sentiment regarding the war in the Middle East and the anticipation that the U.S. Federal Reserve might adopt a less restrictive monetary policy.

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The capital market closed the week with generalized gains globally due to optimism about the performance of the war in the Middle East, as well as the expectation that the Fed (US central bank) will not be so restrictive.

Within the Mexican market, several companies posted notable weekly advances. Industrias Peñoles led the gains with a 10.66% increase, followed by Grupo México (+8.22%), Volaris (+4.42%), Grupo Aeroportuario del Centro (+2.09%), and Gentera (+1.89%). The Mexican peso also strengthened against the dollar, trading at 17.14 units per greenback, up from 17.21 the previous day.

Conversely, some companies experienced declines. Grupo Vasconia saw the largest drop at -11.64%, while Nemak A (-1.76%) and Operadora de Sites Mexicanos (-1.43%) also closed lower. The total trading volume reached 142.8 million shares, valued at 10.9 billion pesos (approximately $633 million). Out of 691 listed firms, 411 advanced, 245 declined, and 35 remained unchanged.

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In Mexico, the BMV's IPC closed the week with a marginal gain of 1.65 units, that is, 0.002% to close in positive territory for the second consecutive week.