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BMV opens lower and profiles weekly drop; América Móvil shares lose 1.42%

The Mexican Stock Exchange (BMV) lost in its first operations this Friday, shaping up to its second consecutive weekly fall, after the United States Federal Reserve outlined a more restrictive monetary policy.

The benchmark S&P/BMV IPC index fell 0.31% to 50,310.89 points, at 8:53 a.m.

It highlighted a fall of 1.42% to 18.76 pesos in the shares of the telecommunications giant América Móvil after a vote by the sector's regulator concluded this week without granting it authorization to enter the country's pay-TV market.< blockquote class="twitter-tweet">

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On Thursday, the firm's papers posted their biggest daily drop since early September 2021.

BMV opens lower and looks set to fall weekly; América Móvil shares lose 1.42%

Meanwhile, the Fed said on Wednesday it will likely raise rates in March and reaffirmed plans to end its pandemic-era bond purchases that month before beginning a significant reduction in its asset holdings. .

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BMVS&P/ BMV IPC

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