The actions of Peñoles and FEMSA win on the Mexican stock exchange



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CITY OF MEXICO (Expansion) –

The actions of companies that once warned against the risk of populism fall on the Mexican Stock Exchange (BMV) Wednesday morning.

This is the case of Grupo México, headed by Germán Larrea, whose shares lose 0.50% and sell for 55.14 pesos in the middle of the day

One month before the elections, the directors Grupo México, Grupo Bal (Peñoles and Palacio de Hierro), FEMSA, Grupo Vasconia, Aeroméxico and Grupo Herdez have warned by letters and videos of their workers and collaborators about the risk of choosing a populist government

Wednesday, Grupo México and Cemex published separately, where they accepted the proposal for conciliation and Grupo Peñoles' shares, from Alberto Baillères, earn 1.23% to 345.80 pesos on the BMV, while FEMSA increases by 0.84% ​​to 174.20 pesos.

After Lopez Obrador's victory in the presidential election, business leaders met him in order to reach a conciliation.

The meeting, chaired by Juan Pablo Castañón, president of the Coordinating Council of Enterprises (CCE), began around 8:30 pm on Wednesday

The Price and Quotations Index (S & P / BMV IPC), which includes the 35 most liquid issuers on the market, gained 0.37% to 47,226 units.

This Wednesday, the New York Stock Exchange does not work because this 4th of July is celebrated on Independence Day in the United States.

Oil

Brent London expands earnings due to tensions in the Middle East and a drop in inventories in the United States for the second consecutive week, which occurred after the Interruption of supply in a Canadian facility.

The future of North Sea Brent increases by 0.26% to 77.96 dollars a barrel (dbp) while the Light West Texas Intermediate (WTI) hydrocarbon down 0.59% at sell at 73.70 dpb, according to Bloomberg .

The price of Brent is given after a commander of the Iranian Revolutionary Guard declared that he was ready to prevent the export of regional oil if Iranian oil sales were banned by the United States .

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