BMV opens higher encouraged by Walmex shares

The Mexican stock exchange (BMV) won this Friday driven by an advance in the shares of the retailer Wal-Mart de México (Walmex), which published its third quarter report the day before.

The local benchmark S&P/BMV IPC it was up 0.4% to 52,227.86 points at 9:02 am.

The titles of Walmex added 2% to 72.59 pesos, after reporting on Thursday that their earnings increased 20.5% year-on-year in the third quarter.

Meanwhile, the shares of the media giant Televisa fell 1.58% to 46.75 pesos, a day after reporting that its earnings fell 77.3% year-on-year between July and September, despite an increase in its revenues of 9.1 percent.