- Mexican Stock Exchange
Mexican Stock Exchange
Bolsa Mexicana de Valores, BMV
Type Stock Exchange Location Mexico City, Mexico Founded 1933 Currency Peso No. of listings 157 MarketCap US$ 749 Billion (Dec 2010) Website bmv.com.mx
The Mexican Stock Exchange (BMV: BOLSA) (Spanish: Bolsa Mexicana de Valores, BMV) is Mexico's only stock exchange. It is situated on Paseo de la Reforma, a prestigious avenue in central Mexico City. The total value of stocks on the Mexican Stock Exchange is estimated at over US $700 billion, making it the second largest stock exchange in Latin America (after Brazil's BM&F Bovespa) and the fifth largest in the Americas.
Structure and operations
BMV is now a public company following its IPO in June 2008, and its shares are traded on the BMV equities market. Until its IPO BMV was owned by its members, which were a group of banks and brokerage firms. The exchange trades debt instruments including Federal Treasury certificates (CETES), Federal Government Development bonds (BONDES), Investment Unit bonds (UDIBONOS), Bankers acceptances, promissory notes with yield payable at maturity, commercial paper and development bank bonds. In addition, it also trades stocks, debentures, mutual fund shares, and warrants. Trading is conducted electronically through the BMV-SENTRA Equities System. Settlement is T+3, and trading hours are 8:30 a.m. to 3 p.m. for the capital markets and 8 a.m. to 2:30 p.m. for debt instruments (Monday through Friday).
The BMV calculates 13 indices of stock prices. Each index can be used as an underlying value for derivative products listed on specialized markets. The main benchmark stock index is called the IPC, which stands for Índice de Precios y Cotizaciones, and is the broadest indicator of the BMV's overall performance. It is made up of a balanced weighted selection of shares that are representative of all the shares listed on the exchange from various sectors across the economy, and is revised twice a year. Weight is determined by market capitalization. The IPC's value is related to the previous day's value, rather than the base date of October 30, 1978. Since February 2009 the IPC index has included BMV's own A shares. Indice Mexico (INMEX) is a market capitalization weighted index of 20 to 25 of the BMV's most highly marketable issuers, using their most representative series. The sample is limited to issuers with a minimum market value of $100 million and is revised every six months. The weighting cannot be greater than 10% at the start of each calculation period.
Some listed companies
- América Móvil: Telecom
- Cemex: Cement
- FEMSA: Conglomerate
- Grupo Aeroportuario del Pacifico: Airports
- Grupo Bimbo: Food
- Grupo Modelo: Beverage
- TV Azteca: Television, Media
- Televisa: Television, Media
- Telmex: Telecom
- Vitro: Glass
- Walmex: Retail
- List of companies traded on the Bolsa Mexicana de Valores
- List of brokerage firms of the Bolsa Mexicana de Valores
- List of Mexican companies
- Economy of Mexico
- Mexican peso
IPC companies of Mexico
Alfa · América Móvil · ASUR · Axtel · Banorte · Bolsa Mexicana de Valores · Cemex · Chedraui · Comercial Mexicana · Compartamos Banco · Consorcio Ara · Corporación Geo · Embotelladoras Arca · FEMSA · Genomma Lab Internacional · GAP · Grupo Bimbo · Grupo Carso · Grupo Elektra · Grupo México · Grupo Modelo · Gruma · Homex · Inbursa · Industrias CH · ICA · Kimberly-Clark · Mexichem · Peñoles · Soriana · Telmex · Televisa · TV Azteca · Urbi · Walmart México
Stock market Types of stocks Participants Exchanges Stock valuation Financial ratios Trading theories
and strategiesAlgorithmic trading · Buy and hold · Contrarian investing · Day trading · Efficient-market hypothesis · Fundamental analysis · Market timing · Modern portfolio theory · Momentum investing · Mosaic theory · Pairs trade · Post-modern portfolio theory · Random walk hypothesis · Style investing · Swing trading · Technical analysis · Trend following
Related termsBlock trade · Cross listing · Dark liquidity · Dividend · Dual-listed company · DuPont Model · Flight-to-quality · Haircut · IPO · Margin · Market anomaly · Market capitalization · Market depth · Market manipulation · Market trend · Mean reversion · Momentum · Open outcry · Public float · Rally · Reverse stock split · Share capital · Short selling · Slippage · Speculation · Stock dilution · Stock split · Trade · Uptick rule · Volatility · Voting interest · Stock market index
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