“Plan C” breaks positive streak in BMV registered by Morena in 2018; markets expect adjustment

MEXICO CITY (Apro/Fortuna).- When analyzing the historical performance of the Mexican Stock Exchange (BMV) after election day, the Citibanamex analysis team recapitulated that the market performance after election day and He assured that this has been – in general terms – positive.

In these elections, where the elected candidate Claudia Sheinbaum achieved a historic vote in her favor of 35 million votes and the eventual qualified majority in both the Chamber of Deputies and the Senate of the Republic, the stock and exchange markets They reacted with selling positions, breaking the trend seen in the last elections.

“It should be noted that in none of these cases (latest election results) have there been significant upward or downward changes from one week to two months after election day,” Citibanamex said in its report.

Market performance, the firm’s analysts added, has been more favorable in a week after the elections and up to a month after them.

However, two months before the elections, the balance that the market has presented has been zero.

This information, Citibanamex specified, was obtained from known statistical data and at no time is it expected that the market will present the same pattern as in previous six-year periods, since past returns do not guarantee future returns.