The Mexico Stock Exchange loses 0.31% after a day with mixed results

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Mexico City, Jul 2 (EFE) .- The Mexican Stock Exchange lost 0.31% in its main indicator this Friday to reach 50,223.01 points, after a day with mixed results due to the spread of the delta variant of the coronavirus and the monthly report of employment of the United States.

“Throughout the week, the local market showed a high correlation with the rest of the western markets, so the loss is attributed to global risk appetite and not to internal factors,” the analyst explained to Efe. of Banco Base, Luis Alvarado.

The expert pointed out that the market “closed with mixed results” due to “two main sources of volatility.”

One of them is “the spread of new strains of the coronavirus, specifically the one known as delta, which originated in the United Kingdom and caused an average of about 20,000 daily cases this week.”

Also because the US Department of Labor Statistics “published the creation of 850,000 non-agricultural job positions during June, well above market expectations of 720,000.”

In the Mexican stock market “the losses were concentrated in companies that had had a poor performance with the pandemic, such as Cemex (-4.58%), Vesta (-2.69%), and the airport groups GAP (-2.73%) and OMA (- 2.71%), “Alvarado said.

All in all, the Mexican stock market closed this day at 50,223.01 points after losing 153.88 points compared to the previous day, which represents a fall of 0.31%.

In addition, the Mexican peso had a weekly appreciation of 0.50%, closing this Friday at 19.77 units per dollar.

The volume traded in the market reached 156.5 million titles for an amount of 10,499 million pesos (about 530.9 million dollars).

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