Mexico City, Nov 5 (EFE) .- The Mexican Stock Exchange (BMV) gained 0.2% in its main indicator this Friday, reaching 51,977.96 points, which helped it close with a weekly advance 1.3% after two weeks with negative closings.
The Index of Prices and Quotations (IPC), the main indicator of the BMV, “closed with a weekly gain of 1.3%, in a week that was considered short due to the celebration of the Day of the Dead,” the analyst explained to Efe. from Banco Base Karla Bajos.
“This is the first weekly increase after having registered two consecutive weeks down,” he added.
The specialist said that from a technical point of view, “the index managed to close near the 52,000 point level, remaining below this resistance for three consecutive weeks.”
He noted that to show a change in the upward trend, the CPI “would have to consistently exceed that level.”
Within the index, weekly gains were recorded in 17 of the 35 main companies included in the sample and those that performed best were Grupo Bimbo (+12.65%), Alfa (+10.36%) and Grupo Aeroportuario del Pacific (+ 9.14%).
With the advance of this day, the Mexican index registers a positive movement accumulated so far this year of 17.95%, supported by the economic recovery.
On the day, the Mexican peso appreciated 1.02% against the dollar, trading at 20.34 units per greenback on the interbank market.
The IPC closed at 51,977.96 units with a gain of 104.5 points and a positive variation of 0.2% compared to the previous session.
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