Tulum, Q. Roo., The Mexican stock market and its national and international investors did not overreact to the approval of the reform to the Judicial Branch by Congress, said Jorge Alegría, general director of the Mexican Stock Exchange (BMV) group.
In recent weeks, “the market showed some nervousness about the possible approval (of the judicial reform) and once it was approved it did not react as negatively as estimated, so in some segments it may be discounted and we will have to see how things turn out.
We have a very specific function that we are fulfilling. Once the reforms were approved, we saw that the market did not have a major adjustment, we could even say that there was a return of prices, which does not mean a trend but there was no overreaction, assured the BMV director to the media after the inauguration of the 18th National Convention of the Mexican Association of Multiple Purpose Financial Companies of Mexico (Asofom).
Separately, Santiago Urquiza, president of Central de Corretajes (Cencor), the firm that owns the Institutional Stock Exchange (Biva), considered that at this time, investors are in a period of pause and reflection to better understand the reform that was approved by the Senate in particular and in general.
“The reform has been controversial, we all know that, but now that it has been approved, let’s see how investors react. There has been an effort by the authorities to clarify the change more thoroughly, but we are waiting to see the analysis of national and international investors once this week of approvals is over.
Asked whether a halt to investments due to the approval of the judicial reform could be ruled out at this time, the BMV director responded that there are many variables to consider, not only Mexico with elections and reforms, there are elections in the United States, there are monetary policy decisions, and all of that influences the behavior of the market, whether it goes up or down.
#Calm #returns #countrys #financial #market
– 2024-09-20 08:06:04
