Weekly Mexico Market Monitor
Friday AM, June 9, 2023
MARKETS
The FTSE-BIVA index closed on June 8 at 1,124.58 down from its June 1 close at 1,093.75.
The MXN/USD exchange rate closed at 17.38 pesos to the dollar on June 8 down from its close of 17.55 pesos on June 1.
The Mexican 10-year bond (2031) closed on Thursday with a yield at 8.836% up slightly from a yield of 8.797% on June 1.
The FTSE-BIVA Top Stock Gainers for the week were: CEMEX (+12.89%), AEROMEXICO (+7.88%) and INTEURO (+7.64%) and the Biggest Losers were: HOTELES CITY EXPRESS (-6.13%), BANCO DEL BAJIO (-1.50%) and GRUPO SIMEC (-1.43%).
CORPORATE & MARKET NEWS
Fibra Prologis plans to invest US $700 million in new warehouses and space in existing industrial parks on the US-Mexico border, taking advantage of the growth in demand caused by nearshoring.
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