Mexico's Stock Market Falls 0.37%, Extends Losing Streak to Five Days

Mexico's stock market experienced another downturn Tuesday, with the Bolsa Mexicana de Valores (BMV) losing 0.37%. This marks the fifth consecutive session of declines, extending a losing streak that has pushed its main indicator, the Índice de Precios y Cotizaciones (IPC), to 65,409.48 units.

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The capital market closed the session with mixed results among the main stock indices globally. The declines were due to increased risk aversion, which led the indices in the United States to observe losses of more than 3% during the session.

The session saw mixed results across global stock markets, but increased risk aversion, particularly evident in the United States where major indices dropped over 3%, influenced the Mexican market. Gabriela Siller, Director of Economic and Financial Analysis at Banco Base, noted that the IPC's fifth consecutive loss reflects this trend.

Within the Mexican market, several companies registered notable losses. Industrias Peñoles saw a decline of 3.66%, followed by Alsea at -2.61%, Kimberly-Clark at -1.89%, Gentera at -1.89%, and Arca Continental at -1.67%. Despite the overall negative performance, 12 out of the 35 companies comprising the IPC index closed in positive territory, with Televisa, América Móvil, and Chedraui leading the advances.

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the IPC closed the session with a loss of 0.37%, falling for the fifth consecutive session.

Enrique Covarrubias, Director of Economic Analysis at Grupo Financiero Actinver, reported that the Mexican market has retreated by 4.63% so far in June, although it maintains a 1.71% gain for the year. In terms of trading volume, 247 million shares were exchanged for 20.86 billion pesos (approximately $1.196 billion USD). Out of 799 listed companies, 288 advanced, 490 declined, and 21 remained unchanged.

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with this movement the Mexican market so far in June has retreated -4.63% although in the year it registers an advance of 1.71%.