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🇵🇾 Paraguay /Economy & Trade

Mexico’s stock market posts 0.94% weekly loss, falling to 64,866.61 points

From ABC Color · () Spanish

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

At a glance

Newswire From a news agency Context piece
  • The Mexican Stock Exchange’s IPC index fell 0.87% on Friday and lost 0.94% for the week, its third negative close in four weeks.
  • Analysts attributed mixed global market performance to uncertainty over the US Federal Reserve’s future interest-rate policy.
  • The peso strengthened 0.24% against the dollar, while the IPC remained up 0.87% for the year.

Mexico’s benchmark stock index ended the week lower as investors weighed uncertainty about the future path of U.S. Federal Reserve interest rates.

The Mexican Stock Exchange fell 0.87% on Friday, leaving its IPC index at 64,866.61 points. The index lost 0.94% over the week, marking its third weekly decline in the past four weeks.

Gabriela Siller, economic and financial analysis director at Grupo Financiero Base, said major global indexes produced mixed results during the week. The Dow Jones fell, while the Nasdaq Composite and S&P 500 advanced. In Mexico, the biggest weekly declines came from Gentera, down 7.63%, Megacable, down 6.51%, Chedraui, down 4.87%, Televisa, down 4.71%, and Bimbo, down 4.23%.

The capital market ended the week with mixed results among the main global stock indexes, due to uncertainty over the future of the Federal Reserve’s interest rate.

· Gabriela SillerThe Grupo Financiero Base analyst explained the market’s mixed weekly performance.

Enrique Covarrubias, analysis director at Actinver, noted that despite Friday’s decline, the Mexican index remained 0.87% higher so far this year. The peso gained 0.24% against the dollar, moving from 16.93 to 16.89 pesos per dollar, according to Banco de México closing data.

Trading volume reached 196 million shares, worth 17.769 billion pesos, or about $1.052 billion. Of 681 companies traded, 250 rose, 408 fell and 23 were unchanged. Finamex posted the strongest gain, rising 4.42%, while Vitro recorded the largest decline at 3.9%.

The IPC closed the week with a loss of 0.94%, falling in three of the last four weeks.

· Gabriela SillerShe described the Mexican benchmark’s recent performance.
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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