MARKETS
The FTSE-BIVA index closed on June 29 at 1,108.04, up from its June 22 close at 1,105.88.
The MXN/USD exchange rate closed at 17.18 pesos to the dollar on June 29 from its close of 17.13 pesos on June 22.
The Mexican 10-year bond (2031) closed on Thursday with a yield at 8.689% up minimally from a yield of 8.687% on June 22.
The FTSE-BIVA Top Stock Gainers for the week were: NEMAK (+8.67%), BANCO SANTANDER (+5.88%) and GENTERA (+5.33%) and the Biggest Losers were: AXTEL (-6.25%), COCA-COLA FEMSA (-5.47%) and ALSEA (-4.75%).
CORPORATE & MARKET NEWS
The Mexican real estate firm Vesta priced its offer of 12.5 million American Depositary Shares (ADS) at US$31.00 per ADS on the New York Stock Exchange, thus raising $387.5 million. The green shoe is for another 1.87 million ADS which will raise total proceeds to $445 million if exercised. The proceeds will mainly be invested in building more industrial parks, as Mexico benefits from nearshoring trends.
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