Mexican stock market; moment and opportunity | David Ordaz

David Ordaz

A few days ago, the Mexican Stock Exchange (BMV) celebrated its 130th anniversary with the ringing of a bell, which served as the basis for highlighting the achievements throughout its history, as well as current issues.

This event is considered one of the financial events of the year. were present at the celebration Finance Minister Rogelio Ramirez de la O, Governor of the Bank of Mexico Victoria Rodríguez Ceja, Jesus de la Fuente, President of the National Banking and Securities Commission, Marcos Martínez Gavica, President of the Board of Directors of the BMV Group and Jorge Alegría Formoso, CEO of the BMV Group, among others special guests.

During the speeches at the commemorative event, it was emphasized that currently there is significant lag compared to North American and Latin American markets. Moreover, despite the evolution of the stock market, penetrating stock market culture is still a challenge. limitedas it represents 31% of GDP, which is less than the average of 120% recorded in Organization for Economic Co-operation and Development (OECD) countries.

“In our country only 140 national companies are listed on the stock market.“This figure contrasts with nearly 5,000 companies in the United States and nearly 400 companies in Latin American markets such as Chile and Brazil,” the Treasury secretary said.

Ramirez de la O called for a strategy promotion To business participation and stated that the expected increase in the resources managed by Afores could double their contribution to GDP, rising from the current 18% to 40% in the next decade.

For her part, Victoria Rodríguez Ceja, Governor of Banxico, believes that the resilience of the Mexican Stock Exchange has been able to adapt to technological changes, economical And normative and felt that Mexican authorities could contribute by removing barriers to entry, thereby promoting competition and the entry of new entrants.

“Must redouble efforts continue to strengthen the capital and debt markets and continue to promote their development and growth,” he said.

Meanwhile, Marcos Martinez Gavica noted the importance of such changes as the adoption electronic platforms and use artificial intelligence allowing for faster and more transparent transactions.

While it is true that throughout its history the Mexican Stock Exchange has been pillar of economic development In our country, she is currently facing a number of challenges that are testing her ability to adapt as she experiences “drought” initial public offerings (IPOs), which show a lack of dynamism in attracting new companies to the stock market.

Rogelio Ramirez de la O and Jesús de la Fuente also emphasized the importance of reform of the Securities Market Law, which aims to attract more issuers to the market and offer more affordable financing alternatives.

It’s clear what’s wrong with this new rules There will be an opportunity to obtain reasonable financing, better terms, interest rates and reasonable guarantee schemes, and this will serve as an open channel for equity and bond financing for SMEs, which will range from P100 million to P10,000 million in the short to medium term. conditions.

He target reform of the Securities Market Law. develop the stock market Mexican in a fair, efficient and transparent manner.

Today, more than ever, the stock market through the BMV is important and it is time for companies to approve their obligation and is betting on this, even encouraging other companies to join and list from now on, to create a stronger group that provides financial confidence and sends a message beyond, especially in the North American region, and thereby demonstrates the potential of our stock market. country.