Mexican stocks jumped 1.16 percent on Monday to a record high close, boosted by expectations of strong profits at blue chips like retailer Wal-Mart de Mexico and the peso also gained.
The IPC benchmark stock index picked up 169.48 points to finish at 14,842.70.
Retailer Wal-Mart de Mexico, one of the country's most widely traded stocks, moved up 1.46 percent to end at 50.02 pesos.
Expectations of strong corporate earnings have pushed stocks to successive record highs in recent months, and while many analyst warn the market could dip in the near-term, others are confident there is still room to rise.
Cell-phone operator America Movil increased 1.10 percent to 11.95 pesos and its New York-traded shares were 1.40 percent higher at $22.50.
Mexico's leading fixed-line phone company Telmex rose 0.98 percent to 10.34 pesos. The company said on Monday it is in talks on possibly acquiring Colombia Telecomunicaciones. Its New York-traded shares gained 1.09 percent to $19.41.
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