IPC Jumps 1.6% to 66,049 as Peso Falls 1.2% | Mexico Market Report, Oct 9
Key Facts
- Mexico’s S&P/BMV IPC index rose 1.63% to 66,048.57 points on Friday 9 October, its highest close since late August and a weekly gain of 2.35%.
- Orbia jumped 12.36%, Grupo Carso 8.62% and Alsea 5.90%; América Móvil fell 2.62% and Banco del Bajío 2.26%. Of 749 shares traded, 610 rose and 109 fell.
- The peso weakened 1.15% to about 18.41 per US dollar, even as stocks rallied. We could not confirm a single cause for the peso’s fall.
- Turnover was MXN 17.5 billion (about US$952 million) on 187.9 million shares.
- Prediction markets: Kalshi gives 59% to no change at Banxico’s November rate decision and 32% to a 25-basis-point cut (34,827 contracts traded, as of 8:24 pm ET, 9 October). Bets, not forecasts.
Today’s Focus
Mexican stocks rose sharply on Friday 9 October. The IPC, the main index of the Mexican Stock Exchange (BMV), gained 1.63% to 66,048.57 points and ended the week up 2.35%.
The gains were broad. Of 749 shares traded, 610 rose. Investors cited optimism ahead of third-quarter earnings from financial companies, according to EFE.
The peso moved the other way. It lost 1.15% to about 18.41 per US dollar, which makes Mexican assets cheaper in dollar terms but raises costs for importers.
What matters today. Mexico had a strong day for shares and a weak day for the currency. The two moved in opposite directions.
01 The session in one read
The S&P/BMV IPC closed at 66,048.57 points, up 1.63%. That is the highest close since late August, according to RT data. The index is up 2.86% in October and 2.71% since the start of the year.
Turnover was 187.9 million shares worth MXN 17.529 billion (about US$952 million at 18.41 pesos per dollar), according to EFE.
Our RT feed showed a provisional bar of 65,427.71 (+0.68%) at our deadline. We use the exchange’s official close reported by EFE.
Breadth was strong, with 610 gainers against 109 losers. That points to genuine buying rather than a move in a few large names.
The peso’s 1.15% fall is harder to read. We have no confirmed explanation.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| S&P/BMV IPC | 66,048.57 | +1.63% | Highest close since late August |
| USD/MXN (Banxico) | 18.41 | +1.15% | Peso weaker |
| USD/MXN (RT) | 18.3900 | +1.06% | Provisional bar |
| iShares MSCI Mexico ETF (EWW) | US$71.95 | +0.59% | New York view |
| América Móvil ADR | US$21.32 | -3.70% | Telecom drags |
| S&P 500 | 7,811.54 | +0.59% | Wall Street higher |
The RT calendar listed no Mexican data releases on 9 October. The dollar gained 1.29% against the peso over the week, according to Infobae. Rio Times · Live Market Intelligence
Live Market IntelligenceMexico — Live Market Board
Mexico — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
IPC MEX
65,427.71
+0.68%
+12.17%
64,986.91
66,121
65,405
108,886,187
USD/MXN
17.06
-0.24%
-8.58%
17.10
17.08
17.01
—
WALMEX
48.07
-0.62%
-14.38%
48.37
48.65
48.02
10,781,446
GMEXICO
223.28
+0.35%
+73.59%
222.50
226.18
222.17
1,325,556
FEMSA
201.19
-0.24%
+25.67%
201.67
206.71
199.56
750,706
CEMEX
19.32
+0.89%
+19.10%
19.15
19.35
19.04
14,327,054
GFNORTE
193.98
+1.18%
+14.36%
191.71
195.79
191.83
1,579,115
BIMBO
60.98
-0.96%
+11.89%
61.57
61.46
60.29
1,048,115
TELEVISA
9.71
+0.21%
+12.78%
9.69
9.75
9.60
577,851
AMX
19.80
-0.95%
+12.53%
19.99
20.05
19.70
58,058,525
GAP
366.23
+0.43%
-21.21%
364.68
370.85
362.82
226,946
ASUR
275.04
+1.25%
-15.28%
271.64
275.08
271.31
15,451
OMA
233.50
+0.62%
-6.48%
232.06
235.00
230.62
555,693
KOF
188.04
+0.86%
+18.94%
186.44
188.56
185.52
425,273
GRUMA
252.90
+0.11%
-21.85%
252.61
254.74
250.36
90,048
KIMBER
39.74
+0.43%
+8.85%
39.57
40.09
39.33
490,551
AMX ADR
23.38
-0.23%
+22.25%
23.43
23.49
23.06
1,347,445
03 Why it moved: earnings hopes
EFE reported that investors were positioning for the third-quarter earnings season, with financial companies the first to report. Banks and the broader market benefit if lending and fee income hold up.
Wall Street also helped. The S&P 500 rose 0.59% and the Dow Jones 0.8%, after oil eased on Trump’s statement that the US would not attack Iran before the 3 November midterms.
What we cannot say is why the peso fell while stocks rose. Foreign buyers of Mexican shares may have hedged or sold the currency, but we found no report that confirms it.
04 The day’s movers
| Stock | Ticker | Change | Note |
|---|---|---|---|
| Orbia Advance | ORBIA | +12.36% | Chemicals and building products |
| Grupo Carso | GCARSO | +8.62% | Slim family conglomerate |
| Alsea | ALSEA | +5.90% | Restaurant operator |
| Cydsa | CYDSASA A | -2.80% | Chemicals |
| América Móvil | AMX B | -2.62% | Telecom; the ADR fell 3.70% |
| Banco del Bajío | BBAJIO O | -2.26% | Bank |
Moves are from EFE’s close report. We did not find a company statement that explains the Grupo Carso and Alsea gains.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| Ibovespa | Brazil | +1.38% |
| IPC | Mexico | +1.63% |
| IPSA | Chile | +0.20% |
| Merval | Argentina | -0.16% |
| COLCAP | Colombia | +0.21% |
| S&P 500 | United States | +0.59% |
Mexico was second only to Brazil. Brazil’s election-driven rally set the tone for Latin American stocks on Friday.
06 The technical picture
The IPC closed above 66,000, close to its late-August levels of about 66,200.
For the peso, RT’s range for Friday was 18.14 to 18.50, and the dollar gained 1.29% over the week, according to Infobae.
What Prediction Markets Say
Kalshi, a US exchange regulated by the CFTC (the US commodities regulator), priced no change at Banxico’s November decision at 59%, a 25-basis-point cut at 32% and a 25-basis-point rise at 8%, with 34,827 contracts traded (read at 8:24 pm ET on 9 October). Polymarket was more confident in a hold, at 70.5%, with a cut at 26.5% (US$50,600 traded).
These prices are bets on the central bank’s next move, not forecasts. The two platforms disagree by about 11 points on a hold.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
07 What to watch
- Third-quarter earnings: The first bank reports will test the optimism behind Friday’s rally.
- The peso: A move above 18.50 would raise import costs and put pressure on Banxico before its November decision.
- Banxico: Prediction markets split between holding and cutting in November.
- US-Mexico trade: Tariff headlines from Washington remain the main outside risk for Mexican assets.
Background: IPC Gains 0.5% to 64,987 as Peso Slips | Mexico Market Report, Oct 8.
Background: Mexico Market Report, Oct 5.
More: Mexico news in English, every day from The Rio Times.
Frequently Asked Questions
How did Mexican stocks do on 9 October?
The S&P/BMV IPC rose 1.63% to 66,048.57 points, its highest close since late August, and gained 2.35% on the week.
What happened to the Mexican peso?
It weakened 1.15% to about 18.41 per US dollar, according to Banco de México close data reported by EFE.
Which Mexican shares rose most?
Orbia rose 12.36%, Grupo Carso 8.62% and Alsea 5.90%. América Móvil fell 2.62%.
What do prediction markets expect from Banxico?
Kalshi priced no change at 59% and a 25-basis-point cut at 32% for November as of 8:24 pm ET, 9 October. These are bets, not forecasts.
Market data: RT; close report and turnover: EFE via Infobae; peso: Banco de México via Infobae; prediction markets: Kalshi, Polymarket (as of 8:24 pm ET, 9 October 2026)
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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