Grupo México (GMEXICOB.MX) is a Mexican conglomerate with a market capitalization of 631.62 billion MXN as of August 17, 2023. Founded in 1942, the company has grown into one of Mexico's largest and most influential corporations. It operates across multiple sectors, including mining, transportation, infrastructure, and more.
Its history reflects its expansion and diversification efforts, becoming a key player in the global mining industry and a major provider of transportation services in Mexico. Its founder, Jorge Larrea Ortega, played a pivotal role in shaping the company's growth trajectory.
The company went public and is listed on the Mexican Stock Exchange, further solidifying its position in the Mexican business landscape. With a strong focus on sustainable practices and social responsibility, it continues to contribute significantly to Mexico's economy and various industries.
Grupo Mexico (GMEXICOB.MX) was first listed on the Mexican Stock Exchange in early 2001, and since then, the stock price has seen a few notable highs and lows. Within the past 5 years, the lowest stock price reached was 36.750 MXN in November 2018, while the highest stock price reached was 122.100 MXN in March 2022.
When it comes to trading strategies, traders may consider day trading, and scalping trading, among others. For instance, day trading is a strategy that involves buying and selling stocks within the same trading day.
Also, to help traders analyse the stock, they may consider using various trading tools and indicators to identify trends. One of the popular trading tools is the line chart, which is a basic chart that shows the stock price trend over time. It is a great visual tool that can help traders identify patterns and trends. Other indicators include moving averages, MACD, Williams percent range, etc.
Grupo Mexico stock may be a popular choice for traders, but it's important to consider other options before diving in. It's helpful to take a broader look at the market and see what other companies in the same industry are doing. So who are its competitors?
- Vale SA (VALE.US) is a Brazilian multinational mining company that operates in the metals and mining sector. With a significant global presence, it is one of the largest producers of iron ore and nickel. Founded in 1942, Vale is known for its extensive mineral resource portfolio, including iron ore, copper, and other base metals.
- BHP (BHP.US), formerly known as BHP Billiton, is an Anglo-Australian multinational mining, metals, and petroleum company. Founded in 1885, it's among the world's largest mining companies, producing commodities like iron ore, copper, coal, and oil.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.