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MEXICO CITY, Jan 18 (Reuters) – The Mexican stock market gained in its first operations on Monday in a session of reduced liquidity due to the closure of financial markets in the United States for a holiday, and prior to the inauguration of Joe Biden as president of the United States this week.

The benchmark local S & P / BMV IPC index, made up of the shares of the 35 most liquid firms in the market, rose 0.38% to 46,064.66 points, at 8.48 am local time (1448 GMT).

The local market posted its steepest weekly decline since late October on Friday as the market waits for corporate reports for the fourth quarter. (Report by Miguel Angel Gutiérrez)

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