What is the IPC index?

This blue-chip stock market index tracks 35 of the biggest companies trading on the Mexican Stock Exchange – also known as BMV (Bolsa Mexicana de Valores). Each company’s weight is determined by market capitalisation. it is refered to as the IPC index, which stands for Índice de Precios y Cotizaciones.

Where have you heard about the IPC index?

In 2015, the Mexican Stock Exchange (BMV) and S&P Dow Jones Indices signed a joint strategic initiative licensing all of the BMV indices, including the IPC index as its flagship. This aimed to give a broader scope of indices to Mexican financial markets.

What you need to know about the IPC index.

The IPC index is the main performance measure of companies listed on the Mexican Stock Exchange. It is calculated by balancing a weighted representative selection of shares from all economic sectors. This is reviewed bi-annually.

The IPC index was launched in October 1978 with a base value of 0.78. Rather than relating back to this base rate to calculate the value, the current value of the IPC index is based on the previous day's value.

Find out more about the IPC index.

Learn more about the role of an index and how market capitalisation is calculated with our definitions.