Índice de Precios y Cotizaciones

Índice de Precios y Cotizaciones
base data
Country	Mexico
Stock exchange	Bolsa Mexicana de Valores
ISIN	not known
WKN	not known
symbol	MXX
RIC	^ MXX
Bloomberg code	MEXBOL <INDEX>
category	Stock index
Type	Price index
family	Single index

The Índice de Precios y Cotizaciones (IPC) is the leading share index in Mexico . It comprises the 35 largest and most liquid companies on the Bolsa Mexicana de Valores , the Mexican stock exchange.

calculation

Technically speaking, the Índice de Precios y Cotizaciones (IPC) is a price index that is weighted according to market capitalization . It contains 35 stocks that make up a representative cross-section of the largest and most liquid companies in the country. The index is not adjusted for dividend payments . Corporate actions such as stock splits have no (distorting) influence on the stock market barometer. The calculation is updated every second during trading hours from 8:30 a.m. to 3:00 p.m. local time (3:30 p.m. to 10:00 p.m. CET ).

A review of the composition is carried out by the Bolsa Mexicana de Valores (BMV), the Mexican stock exchange, every September. Although all industries are represented, the focus is on the telecommunications sector. The companies in this sector together make up a third of the index weighting . In September 2010, Carlos Slim's public companies had a weighting of 33.33 percent in the index, those of Emilio Azcárraga Jean had a weighting of 6.64 percent and those of Ricardo Salinas Pliego had a weighting of 2.35 percent.

history

20th century

The Índice de Precios y Cotizaciones (IPC) was published for the first time on October 30, 1978 and was calculated back to 1967. The base value was initially 781.62 points. In the early 1990s, hyperinflation caused the local currency to devalue in global markets. On January 1, 1993, the government introduced the new Mexican peso (MXN). The previously valid pesos with the code MXP were exchanged at a ratio of 1,000: 1. That is, 1,000 pesos in 1992 became 1 peso in 1993. This also set the base value of the IPC from 1978 at 0.78162 points.

On September 23, 1994, the leading Mexican index closed at 2,857.52 points. In December 1994, the tequila crisis began with a currency crisis , as the Mexican government was no longer able to maintain the fixed peso rate against the US dollar , which led to a general crisis of confidence. This resulted in a massive withdrawal of foreign capital. The lack of capital caused difficulties for Mexican companies and so the currency crisis ended in a general economic crisis . On February 27, 1995, the IPC finished trading at 1,447.52 points. Since September 1994 this corresponds to a loss of 49.3 percent.

On July 31, 1997, the index closed for the first time above the 5,000 point mark. On October 21, 1997, the IPC finished trading at 5,369.50 points. In 1997 and 1998 parts of the world suffered financial , currency and economic crises ( Asian crisis , Russian crisis , Brazilian crisis ). The crises had made investors in Mexico nervous and there was another increased capital outflow. On September 10, 1998, the share index closed at 2,856.10 points, 46.8 percent lower than in October 1997.

21st century

In the first years of the 21st century, the IPC set numerous records. On February 16, 2004, the index ended trading for the first time above the 10,000 point limit and on September 6, 2005 above the 15,000 point limit. The 20,000 point mark fell on April 25, 2006 and the 25,000 point mark on December 4, 2006. By July 6, 2007, the leading index of the Mexican Stock Exchange rose to a closing level of 32,411.84 points.

In the course of the international financial crisis , which had its origin in the US real estate crisis in summer 2007, the IPC began to decline again. From autumn 2008 the crisis increasingly affected the real economy. As a result, share prices collapsed worldwide. On October 10, 2008, the index closed at 19,905.27 points, below the 20,000 point mark. The IPC hit a new low on October 23, 2008, when it closed trading at 17,798.99 points. Since July 6, 2007 this corresponds to a decrease of 45.1 percent.

October 23, 2008 marks the turning point of the downward slide. From autumn 2008 the IPC was on the way up again. On October 22, 2010, it closed for the first time above the limit of 35,000 points. On January 11, 2013, the share index ended trading at an all-time high of 44,888.13 points. Since October 23, 2008 this corresponds to an increase of 152.2 percent.

Highs

The overview shows the all-time highs of the IPC.

	Points	date
in the course of trading	45,013.65	Thursday January 10, 2013
on a closing price basis	44,888.13	Friday 11th January 2013

Milestones

The table shows the milestones of the IPC.

First close over	Final score in points	date
2,500	2,505.60	December 22, 1993
5,000	5.067.80	July 31, 1997
10,000	10,004.69	February 16, 2004
15,000	15,030.62	September 6, 2005
20,000	20,360.61	April 25, 2006
25,000	25,207.48	4th December 2006
30,000	30,013.85	May 4, 2007
35,000	35,120.88	October 22, 2010
40,000	40,045.51	May 7, 2012

Annual development

The table shows the annual development of the IPC calculated back to 1967.

year	Final score in points	Change in points	Change in%
1967	0.1517
1968	0.1575	0.0058	3.82
1969	0.1473	−0.0102	−6.48
1970	0.1475	0.0002	0.14
1971	0.1397	−0.0078	−5.29
1972	0.1777	0.0380	27.20
1973	0.1847	0.0070	3.94
1974	0.2080	0.0233	12.62
1975	0.2137	0.0057	2.74
1976	0.2748	0.0611	28.59
1977	0.3834	0.1086	39.52
1978	0.8891	0.5057	131.90
1979	1.1936	0.3045	34.25
1980	1.4884	0.2948	24.70
1981	0.9479	−0.5405	−36.31
1982	0.6794	−0.2685	−28.33
1983	2.4519	1.7725	260.89
1984	4.04	1.5881	64.77
1985	11.20	7.16	177.23
1986	47.10	35.90	320.54
1987	105.67	58.57	124.35
1988	211.53	105.86	100.18
1989	418.93	207.40	98.05
1990	628.79	209.86	50.09
1991	1,431.46	802.67	127.65
1992	1,759.44	327.98	22.91
1993	2,602.63	843.19	47.92
1994	2,375.66	−226.93	−8.72
1995	2,778.47	402.81	16.96
1996	3,361.03	582.56	20.96
1997	5,229.35	1,868.32	55.59
1998	3,959.66	−1,269.69	−24.28
1999	7,129.88	3,170.22	80.06
2000	5,652.19	−1,477.69	−20.73
2001	6,372.28	720.09	12.74
2002	6,127.09	−245.19	−3.85
2003	8,795.28	2,668.19	43.55
2004	12,917.88	4,122.60	46.87
2005	17,802.71	4,884.83	37.81
2006	26,448.32	8,645.61	48.56
2007	29,536.83	3,090.51	11.69
2008	22,380.32	−7,158.51	−24.23
2009	32,120.47	9,740.15	43.52
2010	38,550.79	6,430.32	20.02
2011	37,077.52	−1,473.27	−3.82
2012	43,705.83	6,628.31	17.88
2013	42,727.09	−978.74	−2.24
2014	43,145.66	418.57	0.98
2015	42,977.50	−168.16	−0.39
2016	45,642.90	2,665.40	6.20
2017	49,354.40	3,711.50	8.13
2018	41,640.30	−7,714.10	−15.63

composition

The IPC consists of the following companies (as of July 2018).

Surname	Branch	logo	Index weighting in%
Alfa	Conglomerate
Alpek	chemistry
Alsea	food
América Móvil	telecommunications
Arca Continental (formerly Embotelladoras Arca)	beverages
ASUR	Airport operator
Banregio	Finances
Becle	beverages
Bimbo	food
Cemex	cement
Coca Cola Femsa	beverages
El Puerto de Liverpool	retail trade
Elektra	retail trade
Grupo Financiero Banorte	Finances
Fomento Económico Mexicano	beverages
Gentera	Finances
Grupo México	Mining
Grupo México Transportes	transport
Gruma	food
Grupo Aeroportuario del Pacífico	Airport operator
Grupo Carso	Holdings
Grupo Financiero Inbursa	Finances
Grupo Lala	food
Grupo Televisa	media
IEnova	Supplier
Kimberly-Clark De Mexico	paper
Megacable	telecommunications
Mexichem	chemistry
Nemak	Automotive supplier
GRANNY	Airport operator
Peñoles	Mining
Pinfra	Construction, cement
Santander Mexico	Finances
Volaris	airline
Walmex	retail trade