The Mexican Stock Exchange (BMV) reached all-time highs following a rate cut by the Bank of Mexico and reduced tension with the United States. Roberto Solano, Manager of Economic and Financial Analysis at Monex, explained that this advance was aided by several factors. He stated that with these market valuation levels, not only at a maximum but also with the capacity for capital flows and revaluation, several companies that are in the pipeline can now proceed with initial public offerings (IPOs). This helps counter the perception that more companies have delisted. Solano also mentioned the recent relisting of Aeroméxico on the Mexican stock market as a favorable sign against the idea of a drought of new listings. Ariel Mendez, a stock market analyst at Ve por Más, also highlighted the efforts made by Grupo Bolsa Mexicana de Valores, led by Marcos Alejandro Martínez Gavica, referring to the latest reform for the market. However, the analyst noted that she does not necessarily expect companies to come through traditional IPOs, as new structures for listing on the stock exchange have emerged, such as the case of the Diablos baseball team, which debuted in January without an IPO. "These new models incentivize companies and promote the idea that it is a very useful way to enter and obtain financing not only through debt but also through the stock market," said the analyst, adding that the entry of IPC futures on the CME in Chicago contributes to this sentiment. Another forecast comes from Grupo Financiero Ve por Más, which expects the index to reach even 69,693 points. The market has also been boosted by the expectation of less climatic pressure on beverage companies like Arca Continental due to the World Cup and increased tourist flow at airports like those in Monterrey, Mexico City, and Guadalajara. In this scenario of better valuations and a softened trade uncertainty between Mexico and the US, experts agree that the ground is being prepared to receive new placements. November closed with gains for the Mexican Stock Exchange (BMV), a trend that prevailed throughout the year, making it the second most profitable in Latin America. Analysts predict this scenario will repeat in 2026, opening space for new placements after years of drought. It was in this month that the S&P/BMV IPC stock index broke the 64,000-point mark for the first time in its 47-year history, reflecting the recovery of the valuation of Mexican market issuers, which had been heavily punished since 2022, a rebalancing of investor portfolios, and interest rate cuts. Analysts agree that for the coming year, there is still room for growth for issuers that lagged this year, and others will benefit from events like the World Cup next year. It is estimated that the stock market's result will surpass that of this year. In estimates from Grupo Financiero Monex, the BMV's stock index could close 2026 at 68,500 points, an increase of 9.6% from current levels.
