Mexico's stock market loses 0.5%, marks sixth drop in seven sessions

Mexico's stock market continued its downward trend Tuesday, with the Mexican Stock Exchange (BMV) shedding 0.5%. This latest drop marks the sixth loss in the last seven trading sessions, pushing its main indicator, the Price and Quotations Index (IPC), to 63,933.69 units.

The decline aligns with negative performances in U.S. and global markets. Gabriela Siller, director of Economic Financial Analysis at Grupo Financiero Base, noted that major U.S. indices like the Dow Jones, Nasdaq Composite, and S&P 500 also closed lower. The IPC's closing value represents its lowest level since December 18, 2025, when it registered 63,807.32 units. Siller highlighted that the BMV has accumulated a 4.5% loss in August and a 0.58% gain year-to-date in 2026.

Within the Mexican market, several major companies experienced significant setbacks. Cemex saw a 3.64% decrease, Volaris dropped 3.59%, Grupo Televisa fell 3.38%, Industrias Peñoles declined 2.1%, and Grupo Aeroportuario del Centro Norte was down 2.05%. Out of the 35 companies comprising the IPC index, 17 closed in negative territory.

Enrique Covarrubias, director of Economic Analysis at Actinver, reported that 267 out of 686 listed firms ended the session with price increases, while 446 experienced losses, and 29 remained unchanged. The Mexican peso also weakened, depreciating 0.23% against the U.S. dollar to trade at 17.07 units per dollar, compared to 17.03 in the previous session, according to data from the Bank of Mexico. Trading volume reached 123.2 million shares, valued at 12.236 billion pesos (approximately $716.8 million).