Overview
- S&P Dow Jones Indices published preliminary results early this month that place Grupo Televisa on a path to leave the S&P/BMV IPC with petrochemical Alpek named as its likely replacement.
- The announcement triggered a roughly 13% one‑day plunge in Televisa shares on Monday and then about a 9% rebound on Tuesday as heavy trading and large broker activity moved millions of shares.
- Final confirmation of the rebalancing is scheduled for September 11 and, if unchanged, the new index makeup would take effect before the market opens on September 21, which would create forced selling by funds that track the index.
- Thin U.S. holiday liquidity and a spike in oil prices from recent Middle East attacks amplified the stock’s price swings and weighed on the S&P/BMV IPC and other markets as investors watched inflation and Fed signals.
- Televisa’s fragile fundamentals — a Q2 net loss of about 497.4 million pesos and a 3% fall in revenue — plus structural shifts in media consumption leave the company vulnerable to index‑driven outflows and to potential strategic moves such as M&A or telecom deals.