Region:
Mexico
Category:
Economy

The Stock Exchange of Mexico recorded its biggest gain since 2011

Region:
Mexico
Category:
Economy
Author/s:
By Miguel Sangineto
Publication date:
Print article

The optimism of investors led the Mexican Stock recording their biggest gain in 40 months

The Mexican Stock Exchange (BMV) gained ground significantly on Thursday, with 3.59 percent, which posted its biggest gain in the year and since August 2011, bringing its main stock indicator exceeded 42,000 units.

Thus Price Index (IPC) rose 471.23 thousand integers from the previous level to stand at 42 000 475.67 units in a day where the fastest growing America Movil, Alfa, Cemex, Walmart and Grupo Financiero Banorte.

The IPC closed in line with Wall Street, where the Dow Jones industrial average gained 2.43 percent, the Nasdaq rose 2.24 percent and the Standard and Poor's 500 advanced 2.40 percent, preliminary figures.

The optimism of investors led the Mexican Stock recording their biggest gain in 40 months, after the increase recorded by the August 11, 2011, to 4.26 percent, bringing the cumulative decline in the year dropped to only 0.59 percent.

The appetite for risk instruments rose after the policy statement of the Federal Reserve of the United States, comments from the European Central Bank (ECB) and positive international economic data.

traslation: Belén Zapata