Large Outflow of Money Witnessed in Grupo Financiero Santander Mexico S.A. B. de C.V.

Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) : Money flow in the Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) stock was negative (7.41 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.83 million, compared to $8.24 million on downticks. The total uptick to downtick ratio was 0.1, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.15 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $7.15 million, indicating persistent selling. Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) traded $0.08 higher at $9.64 gaining 0.84% over the previous days close.

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Institutional Investors own 29.3% of Grupo Financiero Santander Mexico S.A. B. de C.V. shares.

Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX): The stock opened at $9.63 and touched an intraday high of $9.69 on Friday. During the day, the stock corrected to an intraday low of $9.49, however, the bulls stepped in and pushed the price higher to close in the green at $9.64 with a gain of 0.84% for the day. The total traded volume for the day was 1,547,911. The stock had closed at $9.56 in the previous trading session.

On a relative basis, the stock has outperformed the S&P 500 by 3.91% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.21% in the last 1 week, and is up 3.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The Company offers its services to both, individual and corporate clients. The Company owns such principal subsidiaries as Banco Santander (Mexico) SA, Casa de Bolsa Santander SA de CV and Zurich Santander Seguros Mexico S.A.

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