Mexico’s stock exchange rises 0.57% after five-session losing streak

Mexico’s benchmark stock index broke a five-session losing streak on Wednesday, gaining 0.57% to finish at 64,884.28 points. The advance came during a mixed session for major markets worldwide.

Gabriela Siller, director of financial and economic analysis at Grupo Financiero Base, said the global capital markets ended with mixed results. The Dow Jones, Nasdaq Composite and S&P 500 all advanced in the United States. Enrique Covarrubias of Actinver said the Mexican index was up 0.9% with Wednesday’s move.

Within Mexico’s market, Volaris rose 3.22%, Grupo Aeroportuario del Centro gained 2.61%, Grupo Aeroportuario del Pacífico added 2.53%, Banregio climbed 2.43% and Orbia Advance increased 2.27%.

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The capital market closed the session with mixed results among the main global stock indexes.

The peso appreciated 0.11%, moving from 17 to 16.98 per dollar, according to Banco de México closing data. Trading volume reached 188.7 million shares, worth 18.074 billion pesos, or about $1.064 billion.

Of 703 companies traded, 358 closed higher, 322 fell and 23 were unchanged. Frisco posted the largest gain at 6.52%, followed by Alpek at 4.67% and Vista Oil & Gas at 4.64%. Médica Sur recorded the biggest decline, falling 3.8%, while Corporativo Fragua dropped 3.76% and Corpovael lost 2.89%.

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The IPC of the Mexican Stock Exchange closed the session with a gain of 0.57% to break a streak of five sessions of declines.