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Mexico Stocks Set Fresh Highs as IPC Nears 63,000 on Two-Decade Volume Surge

Domestic rate cuts are drawing buyers.

Overview

  • The S&P/BMV IPC rose 0.49% to 62,915.57, marking a fourth straight gain.
  • The index hit a new intraday peak of 63,128.53 and finished the quarter up 9.51%, its strongest since the fourth quarter of 2023.
  • Roughly 270.7 million IPC shares traded, the heaviest session volume reported in about 20 years.
  • September’s advance reached 7.17%, lifting the year-to-date return to 27.07% and outpacing major U.S. benchmarks.
  • Gains were led by miners and financials, with Orbia Advance up 5.61% as Grupo BMV and Pinfra also posted notable increases.