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The Mexican Stock Exchange gains 0.62% with advances for 19 of 34 main issuers

Mexico City, Sep 14 (EFE) .- The Mexican Stock Exchange (BMV) advanced this Tuesday by 0.62%, in its main indicator, to reach 51,815.17 points, in a day in which they were registered earnings for 19 of the 34 top broadcasters.

Within the Price and Quotation Index (IPC) -main indicator of the BMV- “most of the sectors showed gains, concentrating on the sectors of basic consumption (1.46%), discretionary consumption (0.81%) and materials (0.48%), “Banco Base analyst Karla Bajos explained to Efe.

He added that 19 of the 34 main companies included in the sample the IPC “closed in positive territory”, highlighting the earnings of Grupo Bimbo (7.81%) and Grupo Carso (3.63%) of magnate Carlos Slim.

The specialist pointed out that during the session “the index continued to respect the resistance of 52,000 points, reaching an intraday maximum of 51,951.76 points, a level at which it remained for much of the session.”

With the advance of this day, the Mexican index registers a positive performance accumulated so far this year of 17.58%, which has been supported by the economic recovery.

During the day, the Mexican peso depreciated 0.1% against the dollar, trading at 19.9 units per greenback on the interbank market.

The IPC closed at 51,815.17 units with a gain of 318.46 points and a positive variation of 0.1% compared to the previous session.

The volume traded in the market reached 277.4 million titles for an amount of 11,406 million pesos (about 573.1 million dollars).

Of the 670 firms that were listed on the day, 253 ended up with their prices rising, 389 had losses and 28 more closed without change.

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