The S&P/BMV IPC, Mexico’s main equity benchmark, closed at 57,046.85 on June 16, 2025, falling 0.68% from the previous session, according to official exchange data and the attached TradingView charts.

The day’s trading reflected persistent caution as the index extended its recent slide, with volumes remaining steady but risk appetite subdued. Over the last 24 hours, the IPC struggled to hold above its short-term moving averages.

The daily chart shows the index closing below the 20-day and 50-day moving averages, signaling a loss of momentum. The 200-day moving average, now at 56,256.79, stands as the next critical support.

The MACD histogram on the daily chart remains negative, with the signal line diverging further from the MACD line, confirming sustained bearish momentum.

The Relative Strength Index (RSI) dropped to 45.52, moving closer to oversold territory but not yet at an extreme. Bollinger Bands show the IPC hugging the lower band, which often signals persistent selling and rising volatility.

Mexico’s IPC Slides as Technical Signals Flash Caution and Volatility Hits Key Stocks. (Photo Internet reproduction)

The 4-hour chart reinforces the cautious outlook. The IPC remains below the Ichimoku cloud, a widely watched indicator for trend direction. The MACD on this timeframe is negative and declining, while the RSI has fallen to 33.67, indicating short-term oversold conditions.

These technical signals suggest the market could see a technical bounce, but no reversal signal has emerged. Support at 57,017 and 56,256 appears crucial for the coming sessions.

Trading action saw clear winners and losers. Grupo Televisa SAB Unit gained 2.51%, benefiting from its defensive profile amid volatility. Bolsa Mexicana De Valores SAB rose 2.06%, supported by higher trading volumes.

Kimberly-Clark de Mexico added 1.8%, as investors favored consumer staples. On the losing side, Industrias Penoles dropped 6.4%, reflecting pressure on metals and mining stocks. Becle SA fell 3.36%, and Alfa slipped 2.89%, both weighed by cyclical sector weakness.

Compared to regional peers, the IPC’s decline mirrored losses in broader Latin American equities, though it outperformed Brazil’s Bovespa, which faced sharper declines amid local political uncertainty.

US indices rebounded, but Mexican equities lagged as investors weighed local fundamentals and external risks. ETF flows into Mexican equities remained positive, but inflows slowed as global risk aversion rose.

Trading volumes concentrated in defensive names, while cyclical stocks saw outflows. The peso traded near 18.89 per dollar, reflecting ongoing currency volatility. The IPC’s technical setup points to continued caution.

Moving averages, MACD, RSI, and Bollinger Bands all suggest further downside risk unless buyers defend key support levels. Market participants remain alert to external shocks and local policy signals, with the charts showing no clear sign of a trend reversal.

Market Movers: Biggest Winners and Losers

Top 5 Winners (June 16, 2025):

Top 5 Losers: