BMV:VOLAR 20 December 2025 - 21 December 2025

MEXICO CITY — The Mexico Stock Exchange is heading into the final full week of the year with a simple, slightly surreal message for investors: the rally is still alive, but it’s no longer effortless. Mexico’s benchmark S&P/BMV IPC index ended the last session before the weekend at 63,966.98 points, a hair below this month’s all-time highs. The finish capped a strong 2025 performance, even as the market posted a weekly pullback and traders recalibrated around three big drivers now shaping the near-term narrative: easier monetary policy from Banxico, an eye-catching airline mega-merger, and a growing debate over whether 2026 is a “grind higher” year—or a “reality check” year for valuations. Investing.com Español+1

MEXICO CITY — December 20, 2025. The Mexico Stock Exchange heads into the final stretch of the year with a classic emerging-market cocktail: a still-strong 2025 rally, a choppy December tape, and a growing debate over whether cheaper money will keep lifting equities—or whether inflation shocks and trade risks will force a pause that cools the party. With Mexican markets closed on Saturday, the freshest “today” snapshot is Friday’s close. Mexico’s benchmark equity gauge—the S&P/BMV IPC, which tracks the largest and most liquid stocks listed on the BMV—ended the week hovering around the 64,000 level, posting a modest Friday gain but a weekly pullback. Investing.com Español+1