Mining Companies Lead Gains as Mexican Stocks Rise

Mexico's stock exchanges operated with gains on May 5, 2025’s morning, ending a five-session streak of losses as investors monitor trade negotiations between the United States and China and await key US employment data.

The benchmark S&P/BMV IPC index of the Mexican Stock Exchange (BMV), which tracks the most traded local stocks, rose 0.64% to 57,854.21 points. The FTSE BIVA index, from the Institutional Stock Exchange (BIVA), gained 0.66% to reach 1,168.96 units.

Within the benchmark index, a majority of stocks were advancing. Leading the gains were mining companies Industrias Peñoles, up 5.44% to MX$446.02 (US$23.28), and Grupo México, which rose 2% to MX$108.26, reports El Economista.

Near closing, the Mexican peso appreciated 0.2%, trading at MX$19.15 per US dollar. This marked one of its strongest levels since October 2024, with the market also focused on the anticipated release of the monthly US non-farm payroll report on June 5, 2025, a key data point for the US Federal Reserve. Investors also remain attentive to information regarding trade negotiations between the United States and China.