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🇵🇾 Paraguay /Economy & Trade

Mexico’s stock exchange gains 0.52% after two-session slide

From ABC Color · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Named sources Outcome reported
  • Mexico’s IPC index rose 0.52% to 65,065.56 points, moving against most global markets after two consecutive declines.
  • Televisa led major gains with a 9.17% increase, while housing developer Consorcio Ara posted the steepest fall at 5.69%.
  • The peso strengthened 0.11% against the dollar, while the IPC remained down 0.56% for September but up 1.18% year to date.

Mexico’s benchmark stock index gained 0.52% on Tuesday, breaking a two-session losing streak even as most markets around the world fell. The IPC closed at 65,065.56 points.

Gabriela Siller, director of economic and financial analysis at Grupo Financiero Base, said global capital markets ended with broad losses amid rising energy prices. Mexico moved in the opposite direction, with the IPC posting a daily gain despite the wider market decline.

Televisa led the main advances, rising 9.17%. Grupo México gained 3.47%, Orbia climbed 2.36%, Banorte rose 2.25% and Sigma added 2.18%. Other notable increases included Globant, up 5.52%, and Grupo Pochteca, up 3.52%.

The capital market closed the session with widespread losses globally, amid an increase in energy prices.

· Gabriela SillerShe described the broader market conditions during Mexico’s gain.

The positive session did not erase the index’s monthly decline. Enrique Covarrubias, director of economic analysis at Actinver, said the IPC remained down 0.56% so far in September, while still showing a 1.18% gain for the year.

The Mexican peso strengthened 0.11%, moving from 16.93 to 16.91 per dollar, according to Banco de México closing data. Trading reached 175.6 million shares worth 17.265 billion pesos, or about $1.021 billion. Of 802 listed companies, 351 rose, 432 fell and 19 were unchanged. Consorcio Ara fell 5.69%, Grupo Vasconia dropped 5.26% and the Diablos Rojos de México baseball team declined 4.76%.

The IPC moved contrary to markets around the world and closed the session with a gain of 0.52% after two consecutive negative sessions.

· Gabriela SillerShe explained Mexico’s performance relative to global markets.
About this summary

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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