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BMV advances in line with Wall Street after volatile session

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Mexico City / 02.23.2021 16:35:32

The Mexican Stock Exchange (BMV) closed the session this Wednesday with a gain of 0.72 percent, after the president of the Federal Reserve of the United States said that it will be « some time » before the central bank change its policies to support the recovery of the greater world economy.

In its stock market benchmark S & P / BMV IPC rose 0.72 percent to 45,268.33 points, with a volume of 196.7 million securities traded. In the first operations of the session, the local market operated in negative territory and fell to 44,397 units.

Investors are closely following the discussion in Congress of a controversial electricity reform bill that has injected nervousness into the markets, especially the exchange rate.

The President’s Initiative Andrés Manuel López Obrador To modify the electricity industry law, it advanced on Friday in a key legislative commission and on Tuesday it was debated in the plenary session of the Chamber of Deputies.

Wall street

Wall Street reversed course Tuesday afternoon, with the S&P 500 and the Dow Jones moving into positive territory towards the close of the session, in a tug of war between stocks that thrived amid quarantines and those that would benefit the most. of an economic reopening.

The Dow Jones Industrial Average rose 15.66 points, or 0.05 percent, to 31,537.35 units, while the S&P 500 gained 4.87 points, or 0.13 percent, to 3,881.37 units. The Nasdaq Composite, meanwhile, fell 67.85 points, or 0.5 percent, to 13,465.20.

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