BMV opens since its worst start for a month of July in 29 years



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The Mexican stock market was gaining in its first operations this Tuesday in line with the behavior of other places, like their peers on Wall Street, in an environment of opportunity buying after a sharp decline the first session of the week

The Mexican Stock Exchange (BMV) started the session with a gain of 0.47% or 223.55 points, to place its main indicator, the S & P / BMV CPI in the 46,872.53 units . The stock market exploits a volume of 5.2 million shares for an economic amount of 145.4 million pesos. 67 radio stations participate, 50 win, 15 lose and two remain unchanged.

According to the Monex Financial Group, global markets show mostly positive movements, paying attention to the activity of the yuan in China and its possible implications in trade disputes. He said that factory orders would be announced in the United States; In Mexico, no relevant figures were published

. The S & P / BMV IPC started in July with the left foot. In the first session of the month, the index of the Mexican Stock Exchange recorded a disability of 2.10%; The IPC S & P / BMV has not started a month of July with such a deep decline since 1989. On this occasion, the index fell by 4.21%.

The most penalized station on Monday was Industrias Peñoles. The shares of the mining company – heavily exposed to gold – fell by 6.93%, their worst daily performance since November 11, 2016.

Ascension Semester

L & # 39; IPC S & P / BMV tends to progress in the second half of a presidential election year.

The index of three of the last four presidential elections marked a positive second half. The exception was in 2000, when it dropped 18.65% and its end was the second half of 2006, when it rose 38.13%.

Analysts' outlook on the S & P / BMV CPI for the end of the year is to break the ceiling of 50,000 points, they have coincided – separately – Carlos Ponce and Guillermo Delgado (of Black Wallstreet Capital).

(With information from Mario Calixto)

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