Mexico Stocks Rise 0.87% as Peso Falls 1.2% | Mexico Market Report, Oct 29
Key Facts
- Mexico’s main stock index, the S&P/BMV IPC, rose 0.87% to 69,787 points on Thursday, a day after it lost 0.76%.
- The peso weakened about 1.2% to 18.87 per US dollar, a sharp one-day drop, even as stocks rose.
- Cemex, the cement maker, gained about 3.8%; Grupo Aeroportuario del Pacífico (Gap) and Asur, two airport operators, added about 3% to 3.5%, while Banorte, a large bank, fell about 1%.
- For US investors: the iShares MSCI Mexico ETF (EWW) slipped 0.21% to US$74.47, and the S&P 500 lost 0.30%.
- Prediction markets: Polymarket, a prediction market, puts 62.7% on Mexican inflation for 2026 landing between 3.50% and 3.99%, as of 29 October 2026, 8:45 pm ET.
Today’s Focus
Mexico’s stocks and its currency moved in opposite directions on Thursday. The IPC, the index of the Mexican exchange’s largest companies, rose 0.87% to 69,787 points while the peso lost about 1.2% against the dollar.
Cement, airports and food companies led the gains, and the US dollar rose against most Latin American currencies, with Brazil’s real and Colombia’s peso also weaker.
The gain followed Wednesday’s 0.76% fall, so the index ended the week’s second half roughly where it began.
What matters today. A weaker peso makes imports and US-dollar debts costlier for Mexican households and firms, but it helps exporters who earn dollars, which is one reason Mexican shares held up.
01 The session in one read
The IPC closed at 69,787 points on Thursday 29 October, up 0.87% from 69,182 on Wednesday. Our figure comes from the full-volume real-time feed, because the end-of-day bar showed a lower, interim level.
Companies that earn in dollars or benefit from travel did best. Cemex rose about 3.8%, Grupo Aeroportuario del Pacífico (Gap) about 3.5% and Asur about 3%, both airport operators, and Bimbo, the bread maker, about 2.9%.
The weaker names were Banorte, a large bank, at about −1.0% and Grupo México, the mining and rail group, at about −0.7%.
The IPC gained 0.87% while the peso fell about 1.2%, an unusual split. A weak currency often lifts exporters’ shares, but we could not confirm what drove the peso’s drop.
The variable to watch is whether the peso keeps sliding toward 19 per dollar, which would raise import costs.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| S&P/BMV IPC | 69,787 | +0.87% | Stocks recovered |
| USD/MXN | 18.8675 | +1.23% | Peso weaker |
| S&P 500 | 7,720 | −0.30% | Wall Street lower |
| Nasdaq | 26,185 | −1.38% | Tech shares fell |
| US 10-year yield | 4.94% | −0.08 pt | Dollar rates eased |
The IPC’s gain of 0.87% lifted it 605 points. The dollar rose 1.23% to 18.8675 pesos, so one dollar cost about 0.23 pesos more than on Wednesday.
The US dollar index slipped 0.33% to 101.85, so the peso’s fall was specific to Mexico and Latin America rather than a broad dollar rally. 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
69,787.41
+0.87%
+12.74%
69,182.39
70,008
69,383
49,372,306
USD/MXN
18.69
+0.62%
+1.45%
18.57
18.69
18.54
—
WALMEX
49.53
-1.51%
-19.45%
50.29
50.54
49.44
2,069,310
GMEXICO
231.81
+1.57%
+50.31%
228.22
233.41
228.50
1,952,754
FEMSA
232.97
+0.18%
+32.20%
232.54
234.49
230.40
277,092
CEMEX
19.60
+3.48%
+14.42%
18.94
19.63
18.95
9,927,197
GFNORTE
214.68
+0.29%
+24.39%
214.07
215.30
212.24
5,714,524
BIMBO
64.27
+1.56%
+3.36%
63.28
64.60
62.11
988,269
TELEVISA
8.33
-1.77%
-9.16%
8.48
8.52
8.31
1,277,288
AMX
22.47
-0.27%
+7.56%
22.53
22.74
22.39
7,217,012
GAP
418.59
+0.34%
+5.26%
417.18
423.09
413.53
190,130
ASUR
249.54
-1.02%
-18.40%
252.11
253.66
248.64
24,784
OMA
229.76
+0.06%
-3.04%
229.62
231.99
227.86
119,261
KOF
213.92
-0.39%
+31.99%
214.75
216.94
211.01
518,660
GRUMA
245.16
-0.93%
-22.90%
247.46
248.39
245.00
101,929
KIMBER
37.80
+0.13%
+7.64%
37.75
38.38
37.80
2,154,177
AMX ADR
24.01
-0.70%
+5.59%
24.18
24.37
23.99
1,024,581
Live Company IntelligenceCemex SAB de CV ADR — the full investor dossier
Wall Street view
Valuation & profitability
Price & risk
$9.3052-wk high
$13.60
Revenue trend · 6y
Ownership
Dividend
03 Why it moved: exporters and travel shares lead
Cement and airport shares led. Cemex gained about 3.8%, Gap about 3.5% and Asur about 3%, and América Móvil, the telecoms group, about 2%.
Femsa, the Oxxo convenience-store and beverage group, rose about 1.6% and Walmex, Walmart’s Mexican arm, about 0.8%. We could not confirm a single trigger for the rally.
The US economy grew 3.4% at an annual rate in the third quarter, the Bureau of Economic Analysis (BEA), the US statistics agency, said on Thursday, above the 3.2% forecast in the RT economic calendar. Strong US growth is usually good for Mexico, which sends most of its exports north.
04 The day’s movers
| Driver | Level / Move | Change | Note |
|---|---|---|---|
| Cemex (CEMEXCPO) | Cement maker | +3.8% | Biggest gainer here |
| Gap (GAPB) | Airport operator | +3.5% | Travel demand |
| Asur (ASURB) | Airport operator | +3.0% | Travel demand |
| Bimbo (BIMBOA) | Bread maker | +2.9% | Defensive buying |
| América Móvil (AMXB) | Telecoms group | +2.0% | Firmer |
| Walmex (WALMEX) | Retail group | +0.8% | Slightly higher |
| Banorte (GFNORTEO) | Large bank | −1.0% | Weakest big name |
| Grupo México (GMEXICOB) | Mining and rail | −0.7% | Copper fund −1.49% |
Moves are rounded and taken from the day’s trading in Mexico City. Grupo México’s fall matched a weak day for copper, as the CPER copper fund lost 1.49%.
For US investors, the iShares MSCI Mexico ETF (EWW) slipped 0.21% to US$74.47, a US-listed fund.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| IPC | Mexico | +0.87% |
| Ibovespa | Brazil | −1.06% |
| IPSA | Chile | −1.25% |
| Merval | Argentina | −1.0% |
| COLCAP | Colombia | −0.63% |
Mexico was the only major Latin American market to rise on Thursday. Brazil’s Ibovespa fell 1.06% and Chile’s IPSA 1.25%.
Argentina’s Merval lost about 1% and Colombia’s COLCAP 0.63%.
06 The technical picture
The IPC opened at 69,171, reached a high of 69,921 and a low of 69,080, and closed near the top of that range at 69,787. Buyers held the day’s gains into the close.
The index is back close to the 69,711 it closed at on Tuesday 27 October. A close above that level would restore the recent uptrend; a fall below Wednesday’s 69,182 would put the gain in doubt.
What Prediction Markets Say
On Polymarket, a prediction market, traders put the chance that Mexican inflation for 2026 lands between 3.50% and 3.99% at 62.7%. They give 26.0% to a range of 4.00% to 4.49% and 11.1% to 3.00% to 3.49%. About US$104,000 has been traded on this market, as of 29 October 2026, 8:45 pm ET.
Prices on prediction markets are bets, not polls or forecasts by officials.
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
- USD/MXN near 18.87: A move toward 19 would raise import costs and test the central bank’s patience.
- Banxico’s next move: Banxico, Mexico’s central bank, watches inflation and the peso when it decides on interest rates.
- US growth and tariffs: With US growth at 3.4%, demand for Mexican exports looks firm, but trade policy remains a risk.
- Airport and cement results: Travel and construction names led the day, so their coming results will show whether the rally has support.
Background: Mexico Stocks Slip 0.76% as Peso Gains.
More: Mexico news in English, every day from The Rio Times.
Frequently Asked Questions
Why did the Mexican peso fall on Thursday?
The dollar rose about 1.2% against the peso to 18.8675. The US dollar index fell, so the move was specific to Mexico and Latin America, and we could not confirm a single trigger.
What is the S&P/BMV IPC?
It is the main stock index of the Mexican Stock Exchange, tracking the largest and most traded Mexican companies.
Did Mexican stocks rise on Thursday?
Yes. The IPC gained 0.87% to 69,787, led by Cemex, airport operators and Bimbo.
How did Mexico compare with Brazil?
Better. Mexico’s IPC rose 0.87% while Brazil’s Ibovespa fell 1.06%.
Market data: RT; exchange figures from BMV
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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