Mexico's Stock Market Falls 0.75%, IPC Drops to 66,438.58 Units

Mexico's stock market experienced a downturn, with the Mexican Stock Exchange's main indicator, the IPC, closing down 0.75% on Monday. This marks the third loss in the last four trading sessions. Analysts noted low trading volume, attributing it to a scarcity of significant economic data and major news.

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The capital market closed the session with mixed results among the main stock market indices globally. The market showed low trading volume due to a lack of relevant economic indicators and important news.

Gabriela Siller, director of Economic Financial Analysis at Grupo Financiero Base, explained that the Mexican capital market closed with mixed results globally. She highlighted that the IPC "closed the session with a loss of 0.75% to mark three declines in the last four sessions." Siller also pointed out that the Mexican index "registered a trading volume 43.85% below its average for the last 100 days."

Among the notable decliners within the Mexican market were Grupo Carso (-2.89%), Grupo Aeroportuario del Pacífico (-2.89%), Walmex (-2.61%), Volaris (-1.91%), and Femsa (-1.88%). Conversely, top gainers included Grupo Vasconia (7.75%), Controladora Axtel (4.43%), and Corporación Moctezuma (4.29%).

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the IPC of the BMV closed the session with a loss of 0.75% to mark three declines in the last four sessions.

Meanwhile, the Mexican peso showed no percentage variation against the dollar, holding steady at 17.14 units per dollar, according to data from the Bank of Mexico. The overall trading volume reached 131 million shares, valued at 10.47 billion pesos (approximately $610.8 million).

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the Mexican index registered a trading volume 43.85% below its average for the last 100 days.