The Mexican stock market experienced a significant rise in the first session of April. After two consecutive days of losses, local stock indices rebounded, ahead of the implementation of U.S. reciprocal tariffs.
The S&P/BMV IPC, Mexico’s primary index managed by the Bolsa Mexicana de Valores (BMV), increased by 1.63% to 53,337.9 points. The FTSE BIVA, operated by the Bolsa Institucional de Valores (Biva), also gained 1.61% to reach 1,079.64 units.
S&P/BMV IPC
Within the benchmark index, most values closed with losses. However, Becle, a tequila producer including José Cuervo, stood out with a 6.43% increase to 20.03 pesos. Gentera, in financial services, and GCC followed closely with gains of 4.79% (33.04 pesos) and 3.58% (194.62 pesos), respectively.
Details on the U.S. reciprocal tariffs, announced by President Donald Trump on his “Liberation Day,” are set to be revealed tomorrow. These will include specific measures against trading partners and possible exemptions.
Some analysts suggested that Mexican assets found support on Tuesday due to expectations of a limited impact for Mexico, either because it is not among the primary targets or because the Mexican government reaches an agreement with Trump.
