Mexican Stock Exchange to Join LatAm Group of Bourses

Via The Financial Times:


The Mexican stock exchange, Bolsa Mexicana de Valores or BMV, has signed a letter of intent to join the Chilean, Peruvian and Colombian bourses in Latin America’s first stock market group.


The objective would be to give the Mercado Integrado Latino Americano (Mila) or Integrated Latin American Market, a significant uplift in trading and initial public offerings, as these regional bourses follow the global trend of stock market integration in recent years . 


Mexico's Bolsa Mexicana de Valores is the second-largest exchange in Latin America after Brazil's BOVESPA, with a total market capitalization of more than $450bn. With Mexico on board, it's expected that Mila’s combined market capitalization will exceed $1,000bn.

Mexico "Making Huge Investment in Greening the Country"

Via MexicoToday.org

Watch this video with Andrew Selee from the Mexico Institute, who gives us an idea about how Mexico and the U.S. have teamed up to make more cross-border investments in renewable energy.

Mexico Stocks Advance

Here is an update on advances in the Bolsa Mexicana de Valores SAB for 4pm, June 27, 2011:

The IPC index rose 0.7 percent to 35,601.73. The exchange halted trading twice during today’s session to address sluggishness in its an operating system installed during the weekend, Bolsa Mexicana de Valores SAB said in an e-mailed statement.

Grupo Comercial Chedraui SA (CHDRAUIB MM), a supermarket chain based in Xalapa, Mexico, climbed 0.9% to 36.97 pesos. Chedraui was rated “overweight” in new coverage at HSBC Holdings Plc, according to an e-mailed research note.

Industrias Penoles SAB (PE&OLES* MM), Mexico’s largest silver producer, declined 0.6 percent to 433.06 pesos. Silver futures for September delivery fell for a third day.

Source: Bloomberg.com