The Mexican Stock Exchange
Submitted by pArticip8 on Mon, 10/29/2007 - 15:27.
The Mexican Stock Exchange (BMV) is the only one in the country, is headquartered in the prestigious Paseo della Reforma in the middle of Mexico City and is the most important in the Latin American region.
It’s a company whose shareholders are exclusively authorized brokers (each holding one share), it trades in all financial instruments including federal bonds, bank acceptances, spot against forward contracts, commercial paper, equities, bonds, funds and warrants.
The BMV uses 13 price based indexes, each with underlying derivative products traded on specific markets.
The “Price and Quotation Index” or IPC is the best known and based on a weighted selection of 35 securities that are updated every two years. In 1996, the BVM introduced a new 60 share index, the IPC CompMX, in addition to the main one (IPC). It is divided in turn into three lists: LargeCap, MidCap and SmallCap, each with 20 equities.
The Mexico (INMEX) index is based on the weighted capitalization of 20/25 of the main securities with a minimum market value of $100m and updated every six months.
The Mid-Capitalization Index (IMC30) tracks 30 securities whose market capitalization is line with the average of all the companies in the list and is used for funds and derivatives.
There are seven industry-specific indexes: mining, manufacturing, construction, retail, communications and transport, services and others.
The most important equities are América Móvil, Cemex, Coca-Cola Femsa, Grupo Corvi, Televisa, Vitro SA, Walmex (Walmart in Mexico).
Avenida Paseo de La Reforma 255, Mexico City, Mexico
Telephone: (52) 55 5726-6600
Fax: (52) 55 5726-6805

