Weekly Mexico Market Monitor

Friday AM, July 14, 2023

MARKETS  

The FTSE-BIVA index closed on July 13 at 1,119.52, up from its July 7 close at 1,103.23.  

The MXN/USD exchange rate closed at 16.84 pesos to the dollar on July 13 from its close of 17.24 pesos on July 7, continuing its remarkable tear.   

The Mexican 10-year bond (2031) closed on Thursday with a yield of 8.708% u down slightly from a yield of 8.929% on July 7.  

The FTSE-BIVA Top Stock Gainers for the week were: AXTEL (+14.47%), CEMEX (+9.16%) and BANCO REGIONAL (+8.19%) and the Biggest Losers were: FOMENTO ECONOMICO (-3.93%), PROLOGIS (-3.56%) and BECLE (-1.96%). 

CORPORATE & MARKET NEWS  

Daniel Rodríguez Cofré resigned as CEO of FEMSA to concentrate on his health and cancer therapy. The Board's Chairman and former CEO, José Antonio Fernández Carbajal, will take over as interim CEO until a permanent successor is chosen.