Overview
- The S&P/BMV IPC finished 2025 at its highest level since 2009, with 29 of 35 constituents posting gains.
- Industrias Peñoles led with a 255% surge on strong gold and silver demand, followed by Gentera up 89%, Cemex up 77%, Grupo México up 72% and Megacable up 53%.
- Ve por Más and Monex outline a 2026 tilt toward cyclical exposures, citing potential support from FIFA World Cup traffic, T‑MEC‑linked investment and a more normal rate backdrop.
- Top names flagged include Arca Continental and Coca‑Cola FEMSA in beverages, restaurant operator Alsea, airport operators OMA and GAP, and Walmart de México.
- Value and recovery candidates noted by analysts include Becle and Genomma Lab, while company drivers include Cemex’s Cutting Edge program, OMA’s approved tariff plan and GAP’s pending CBX purchase in Tijuana.