Mexican stocks set record highs again on Wednesday, driven by blue-chip gains by America Movil, Telmex and BBVA-Bancomer, but traders said buying extended across the board on expectations of solid earnings results.
The IPC benchmark stock index rose 1.13 percent - its fourth straight rise - to a record closing high of 9,427.80 points on hefty volume of 153 million shares traded.
Earlier in the session, the bourse set to a fresh lifetime high at 9,458.24 points.
America Movil, the country's leading cellular company, added 0.73 percent to 17.83 pesos, but its ADR retreated 0.62 percent to $32.30.
It was the most heavily traded stock in the local market on Wednesday.
Telmex, which controls most of Mexico's fixed-line telecommunications market, ended up 1.57 percent at 19.40 pesos.
Its ADRs gained 0.95 percent to $35.25.
Financial group BBVA-Bancomer rose 2.3 percent to close at 10.74 pesos.
But transport group TMM fell sharply after tax officials blocked a long-awaited $195 million tax rebate for its TFM rail unit.
Local shares did not trade on Wednesday but TMM's New York-traded shares ended down 7.7 percent at $4.21.
In the foreign exchange market, Mexico's benchmark 48-hour peso contract dipped 1.03 percent to 10.9880 per dollar on Wednesday, under pressure from lower domestic interest rates and dollar weakness against the euro, traders said.