Club América won its third consecutive league in this 2024 Liga MX opening tournament, however, it was not enough to boost the shares of Ollamani, the company that was spun off from Televisa and that includes the team and other businesses of the consortium.
The station’s shares fell up to 2% during trading this Monday. According to information from the Mexican Stock Exchange (BMV) and the investing platform, the price was around 36.37 pesos per paper, and at the beginning of the month it was trading around 38.40 pesos per unit.
“The sixteenth” was not enough to raise the share price; However, it is above its lowest level in recent months, which was 33.84 pesos per unit, said value occurred on October 31.
For Brian Rodríguez, stock market analyst at Grupo Financiero Monex, Ollamani’s share price has presented an “atypical movement in terms of volatility.”
He explained that after yesterday’s game, a “quite positive” opening was observed, with a movement of more than 5% in the share price.
“Right now we see it already correcting 2%. If we see that differential, it is almost 7 percentage points,” he commented.
He added that “normally” what is observed in the stock market “as of these dates,” particularly this week as the year begins to end, there is a decrease in the volume of operations “in an important way.”
“Also in the local market and that also influences that even smaller or less traded companies, as is the case of the Ollamani group, it is much easier to see these fluctuations in volatility,” indicated the expert.
He explained that so far this year, the company has accumulated more than 30% performance, “even though in mid-2024 we saw performances above 60% in the share price.”
“I think it’s also part of the fact that this year was his debut,” he explained and said that this volatility in some way “is normal.”
He noted that Monex expects “good performance” from Ollamani shares in 2025, since the company has had a very good 2024 in terms of revenue collection, which could improve its strategy or focus its strategy in a better way.
“It could be consolidating everything that has been worked on in recent years. But at the same time we see a difficult comparable basis,” he noted.
He added that it will depend on the team, since it has reached the final stages, it has played too many games, in fact, he said, worldwide, “I think it is one of the clubs with the most games played in an important way” and that also generates quite attractive flows.
“So I believe that this comparable base is quite difficult to reflect or maintain again for 2025, at least within the soccer segment,” he commented.
“So, overall, I would rate them as a pretty positive performance,” he stated.
At the beginning of 2024, the América club debuted on the Mexican Stock Exchange under the control of Ollamani and with the ticker symbol Águilas. The debut occurred once the team won its 14th league cup, in December 2023.
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