The Mexican Stock Exchange closes with an increase of 0.33% the penultimate day before the elections



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The Mexican Stock Exchange (BMV) ended with a gain of of 0.33% and managed to break through the barrier of 47,000 units, the penultimate day of pre-election purse. The presidential elections of the country, while uncertainty remains for trade relations between the United States and its partners.

In the preliminary closing figures, S & P BMV IPC was located at 47,031.27 units ] up 156.84 points from the previous level.

At the end of the trading session, the Mexican Stock Exchange had a volume of 276.2 million shares, for an economic amount of 11 thousand 076.8 million pesos, with 70 issuers they won, 51 lost and 10 remained unchanged.

Broadcasters who supported IPC earnings were: Gruma who closed with a gain of 2.64 percent; Grupo Financiero Banorte with 0.98%; Mexichem with 0.96 percent; Central Airport Group North (OMA) with 0.93% and CEMEX with 0.54%

The local shareholding position was in line with US indices, which closed with increases: the Dow Jones rose 0.41%; Standard and Poor's 500 increased by 0.62% and Nasdaq by 0.79%

The Mexican stock market had a positive session in phase with the international markets a few days after the July 1st elections, during a session. in which US economic data were published, with attention in the news on this country's trade relations with its partners.

The Director General of the Mexican Stock Exchange (BMV), José Oriol Bosch Par, stressed that financial markets remain stable because they have already dismissed events such as the presidential elections, in addition to the fact that investors observe the fundamentals Macroeconomic situation.

Downward revision of US economic growth in the first quarter, rising from an annualized rate of 2.2 to 2.0%, while initial jobless claims last week increased by nine one thousand to 227 thousand requests; these data reduce the likelihood that the Federal Reserve will increase its benchmark rate.

On the foreign exchange market, the free dollar closed at 19.20 pesos at the time of purchase and 20.00 pesos at the sale, while the interbank rate closed at 19.74 pesos and 19, 75 pesos respectively; meanwhile, the euro was taken at 22.82 pesos and it was offered at 22.83 pesos, according to Citibanamex.

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