Mexican stock market closes with losses and peso depreciates slightly

The Mexican Stock Exchange closed on Friday, June 26, with a decline, while the peso posted a slight depreciation against the dollar.

The S&P/BMV IPC fell 0.28 percent and closed at 67,226.00 points. For the week, the index posted a cumulative loss of 0.71 percent.

The Mexican peso depreciated 0.12 percent or 2.08 cents against the dollar and stood at 17.5050 pesos per dollar, according to Banco de México data. At bank windows, the dollar sold for 17.92 pesos.

On Wall Street, the Nasdaq dropped 0.24 percent to 25,297.62 points, the Dow Jones lost 0.09 percent and closed at 51,876.11 points, while the S&P 500 retreated 0.05 percent to 7,354.02 points. European and Asian stock markets also ended with negative results.

Laura Torres, director of investments at IMB Capital Quants, said the session was influenced by macroeconomic uncertainty and geopolitical tensions, particularly attention on the Strait of Hormuz. Felipe Mendoza, an analyst at EBC Financial Group, noted that the market absorbed Banxico's decision to leave interest rates unchanged.

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Wall Street and Mexico's BMV stock markets closed sharply higher on Wednesday, reacting to Tuesday's post-market announcement of a two-week truce between the US and Iran—including negotiations and gradual reopening of the Strait of Hormuz—following President Trump's ultimatum. The Dow Jones surged 2.85%, while the BMV's IPC climbed 2.47%. The Mexican peso strengthened up to 1.9% against the dollar.

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Wall Street markets closed higher on Thursday April 16, boosted by optimism over an Israel-Lebanon agreement ending the Middle East war, while Mexico's Bolsa Mexicana de Valores (BMV) fell 0.78%. The BMV's main IPC index settled at 69,095.02 points. The Mexican peso appreciated 0.05% against the dollar.

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