Mexico's equity market finished the trading session lower on Thursday, with the S&P/BMV IPC closing down 1.09%.
Selling pressure was concentrated in the Industrials, Consumer Goods & Services and Consumer Staples sectors, which together pushed the index into negative territory by the close.
Among individual stocks on the S&P/BMV IPC, Coca-Cola Femsa SAB de CV (BMV:KOFUBL) was the top performer of the day, rising 1.35% or 2.49 points to finish at 187.16. Arca Continental, S.A.B. De C.V. (BMV:AC) added 0.67% or 1.30 points to end at 194.86, while Wal Mart de Mexico SAB de CV (BMV:WALMEX) gained 0.52% or 0.24 points to close at 46.04.
On the downside, Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) led decliners, sliding 4.50% or 10.28 points to trade at 218.34 at the close. GCC SAB de CV (BMV:GCC) was down 3.48% or 6.58 points to finish at 182.50, and Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) fell 3.06% or 0.35 points to end the session at 11.08.
Market breadth favored losers, with 155 stocks falling, 92 advancing and eight ending unchanged on the Mexico Stock Exchange.
In commodities, Gold Futures for December delivery recorded a notable decline, falling 2.29% or 102.15 to $4,358.55 a troy ounce. Energy markets were mixed: U.S. crude for October delivery rose sharply by 8.20% or 7.88 to $103.93 a barrel, while the November Brent contract eased 0.17% or 0.19 to trade at $108.75 a barrel.
Foreign exchange crosses involving the Mexican peso were essentially flat at the close. The USD/MXN pair was unchanged, moving 0.02% to 16.98, and EUR/MXN was likewise steady, shifting 0.01% to 19.72.
The broader U.S. Dollar Index Futures was trading higher at 99.07, up 0.26% at the time referenced.
Market snapshot:
- S&P/BMV IPC -1.09% at close
- Advancers: 92 | Decliners: 155 | Unchanged: 8
- Notable movers: KOFUBL +1.35%, AC +0.67%, WALMEX +0.52%; GMEXICOB -4.50%, GCC -3.48%, VOLARA -3.06%
- Commodities: Gold down 2.29% to $4,358.55/oz; WTI crude up 8.20% to $103.93/bbl; Brent down 0.17% to $108.75/bbl
- FX: USD/MXN 16.98; EUR/MXN 19.72
The session highlighted uneven sector performance and notable moves in commodity markets, while peso crosses remained largely unchanged into the close.