Miranda Intelligence Newsletters

Miranda Intelligence Newsletters

Share this post

Miranda Intelligence Newsletters
Miranda Intelligence Newsletters
Weekly Mexico Market Monitor

Weekly Mexico Market Monitor

Friday AM, August 4, 2023

Miranda Intelligence's avatar
Miranda Intelligence
Aug 04, 2023
∙ Paid

Share this post

Miranda Intelligence Newsletters
Miranda Intelligence Newsletters
Weekly Mexico Market Monitor
Share

MARKETS  

The FTSE-BIVA index closed on August 3 at 1,102.21 up from its July 27 close at 1,128.77. 

The MXN/USD exchange rate closed at 17.34 pesos to the dollar on August 3 down from its close of 16.87 pesos on July 27.  

The Mexican 10-year bond (2031) closed on Thursday with a yield of 8.992% down slightly from a yield of 8.886% on July 27.  

The FTSE-BIVA Top Stock Gainers for the week were: BECLE (+11.11%), OHLA  (+8.71%) and GENTERA (+4.81%) and the Biggest Losers were: BANCO DEL BAJIO (-8.79%), VOLARIS  (-7.49%) and AXTEL (-5.71%) 

CORPORATE & MARKET NEWS  

In a transaction worth more than $1.6 billion pesos, Mapfre, one Spain’s largest insurance companies, will acquire 94% of Insignia Life, a Mexican insurer specializing in Life insurance. Insignia was founded in 2008 and boasts around two million clients (with a portfolio of almost $2 billion pesos in premiums).

Sigma announced it has sold its operations in Italy as part of the comprehensive plan to enhance profitability and growth in Europe. These operations contributed approximately 2% of Sigma’s consolidated revenues in 2022. 

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.

Already a paid subscriber? Sign in
© 2025 Miranda Intelligence
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share