Mexicos S&P/BMV IPC Falls 2.17% on Losses in Consumer, Telecom, and Materials Sectors

Mexican stocks dropped on Friday, driven by declines in consumer goods and services, telecoms, and materials sectors. The S&P/BMV IPC index fell by 2.17%. While some companies like Grupo Carso and Grupo Bimbo saw increases, Alsea experienced a significant drop and hit a 52-week low. Overall, declining stocks outnumbered advancing ones. In currency trading, the USD/MXN declined while the EUR/MXN also fell.