Mexican Stocks Rally to Best Session in Ten Weeks
Mexican stocks rally marked their best session since June, with both exchanges posting strong gains. The benchmark index left correction territory, and the peso firmed against the dollar. The post Mexican Stocks Rally to Best Session in Ten Weeks appeared first on The Rio Times .
Mexican stocks surged to their best session in ten weeks on Friday, 21 August 2026, marking a significant rebound from a 10% correction threshold. Both of Mexico's main stock exchanges, the Bolsa Mexicana de Valores (BMV) and the Bolsa Institucional de Valores (BIVA), posted strong gains, lifting the benchmark index, the S&P/BMV IPC, out of correction territory.
The IPC climbed 2.14% to close at 65,729.18 points, while the FTSE BIVA index of BIVA rose 2.17% to 1,325.62 points. This performance was the strongest since 11 June, according to El Economista. The peso also strengthened, reaching 16.9018 pesos per dollar, a level higher than its year-end 2025 rate of 17.9750. The Federal Reserve's recent minutes, which tempered expectations of further US rate rises, contributed to the peso's appreciation.
The Mexican stocks rally followed a positive week for the country's markets, with both exchanges reflecting confidence in Mexican equities. However, the gains were not a record, but a notable rebound.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
