Mexican Stock Exchange IPC opens November higher, Digi Mart USA News (Mexico City): The Mexican Stock Exchange (BMV) rose 0.58% on Tuesday to open November higher, following a strong 8.67% gain in October. The main IPC index stood at 70,184.33 points, according to the EFE news agency.
Gabriela Siller, director of Financial and Economic Analysis at Banco Base, told EFE that the capital markets closed the session with mixed results amid nervousness over the U.S. elections held that day.
She said the Dow Jones lost ground in the United States, while the Nasdaq Composite and the S&P 500 advanced, and European markets also showed mixed results.
Siller noted that the IPC gained 0.58% to advance in two of the last three sessions and close at its highest level since October 21, when it reached 70,249.54 points. Among the top gainers were Volaris (+8.54%), Megacable (+3.66%), Grupo Aeroportuario del Pacífico (+3.35%), Kimberly-Clark (+3.16%), Sigma (+2.98%) and Grupo Aeroportuario del Sureste (+2.98%).
Enrique Covarrubias, director of Economic Analysis at the Actinver financial group, said the index has gained 9.07% so far this year following Tuesday’s advance. The Mexican peso depreciated 0.21% against the dollar, moving from 18.80 to 18.84 units, according to Banco de México closing data.
Trading volume reached 243 million shares, worth 23,529 million pesos (about $1.248 billion). Of the 859 companies that traded, 477 closed higher, 361 fell and 21 finished unchanged.
The biggest gainers were Volaris (+8.54%), TEAK (+6.77%) and Grupo Televisa (+6.03%). The largest decliners were Grupo Nutrisa (-4.49%), Vista Oil & Gas (-4.33%) and José Cuervo (-4.02%).
