Mexico City, Oct 27 (EFE) .- The Mexican Stock Exchange (BMV) fell 0.94% on Wednesday in its main indicator to settle at 51,714.6 points, in line with most markets.
On this day “a greater aversion to risk was observed in the financial markets, with most of the stock market indices closing in negative territory,” Banco Base analyst Karla Bajos explained to Efe.
In Mexico, the Index of Prices and Quotations (IPC), the main indicator of the Mexican market, was not the exception “it closed with a loss (0.94%), erasing the gains of the previous session” and closing below 52,000 points, said Basses.
He highlighted that in the session the CPI lost 491.99 points, “which are fully explained by the contraction in the financial sector (-305.05 points), the basic consumer sector (-136.69 points) and the materials (-119.01 points) “.
While by station, he pointed out that 15 of the 35 main companies included in the IPC “closed in positive territory”, highlighting Telesites (3.76%), Jose Cuervo (2%) and Genomma Lab (1.78%).
He mentioned that on Thursday the publication of the quarterly report of the cement company Cemex, an issuer that belongs to the materials sector within the IPC, which has a weighting of 20% of the total index, will be relevant.
With the decline on this day, the Mexican index records a positive performance accumulated so far this year of 17.35%, supported by the economic recovery.
During the day, the Mexican peso depreciated 0.29% against the dollar, trading at 20.27 units per greenback on the interbank market.
The IPC closed at 51,714.6 units with a loss of 491.99 points and a negative variation of 0.94% compared to the previous session.
Disclaimer: This article is generated from the feed and not edited by our team.