Weekly Mexico Market Monitor
Friday AM, July 21, 2023
MARKETS
The FTSE-BIVA index closed on July 20 at 1,1104.81, up from its July 13 close at 1,119.52.
The MXN/USD exchange rate closed at 16.88 pesos to the dollar on July 20 from its close of 16.84 pesos on July 13, stabilizing below 17 pesos to the dollar.
The Mexican 10-year bond (2031) closed on Thursday with a yield of 8.814% down slightly from a yield of 8.708% on July 7.
The FTSE-BIVA Top Stock Gainers for the week were: GRUPO SIMEC (+2.78%), LABB (+1.96%) and CEMEX (+1.69%) and the Biggest Losers were: AXTEL (-10.34%), BECLE (-5.25%) and ALSEA (-4.87%).
CORPORATE & MARKET NEWS
DHL, the American-founded German logistics company, will expand its supply chain in Mexico and South America with an investment of 500 million euros. This includes the construction of warehouses, alongside the development of robotic and automation solutions.
Keep reading with a 7-day free trial
Subscribe to Miranda Intelligence Newsletters to keep reading this post and get 7 days of free access to the full post archives.