The Mexico Stock Exchange loses 0.39% in line with western markets

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Mexico City, Jun 28 (EFE) .- The Mexican Stock Exchange (BMV) lost 0.39% in its main indicator this Monday, to settle at 50,351.21 points, a close in line with the western markets that They started the week with mixed results, although losses predominated.

“This was mainly due to a return in nervousness due to the coronavirus pandemic, particularly due to the possibility of a new wave generated by the new covid-19 variants,” Banco Base analyst Luis Alvarado told Efe.

He added that the loss in the Index of Prices and Quotations (CPI), the main indicator, “was in line with what was observed in most Western markets and was not due to internal factors.”

The expert said that within the CPI “the losses were generalized, with 23 of the 34 main issuers closing in negative territory.”

Among the companies with the worst performance in the session were Liverpool (-2.13%), Gruma (-2.06%) and GAP (-2.01%).

With the decline on Monday, the Mexican index was 14.26% above the close of the previous year.

On the day, the Mexican peso appreciated 0.3% against the dollar, trading at 19.81 units per greenback on the interbank market.

The IPC closed at 50,351.21 units, with a decline of 198.65 points and a negative variation of 0.39% compared to the previous session.

The volume traded in the market reached 143.4 million titles for an amount of 13,611 million pesos (about 687 million dollars).

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