Mexico's stock market closed lower on Wednesday, with the S&P/BMV IPC slipping 0.85% at the end of trade. Declines in Industrials, Consumer Goods & Services and Consumer Staples were the primary drags on the index.
The session's top performers on the S&P/BMV IPC included Sigma Foods SAB de CV (BMV:SIGMAFA), which advanced 4.12% - a gain of 0.64 points - to finish at 16.16. Grupo Aeroportuario Del Sureste (BMV:ASURB) added 2.52%, up 13.04 points to close at 531.18. Grupo Televisa SAB Unit (BMV:TLEVISACPO) rose 2.22%, gaining 0.21 points to end the day at 9.69.
On the downside, Industrias Penoles Sab De CV (BMV:PEOLES) was the weakest name, falling 4.55% or 35.84 points to settle at 751.02. Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) tumbled 4.50%, a drop of 9.26 points, to 196.64. Alsea, S.A.B. De C.V. (BMV:ALSEA) declined 3.15%, losing 1.46 points to finish at 44.88.
Market breadth was mixed but tilted positive in raw counts, with rising issues outnumbering decliners on the Mexico Stock Exchange by 129 to 111, while 7 stocks ended unchanged.
Alsea's shares fell to 52-week lows, closing down 3.15% at 44.88.
Commodities moved lower across the board during the session. Gold futures for August delivery dropped 3.21% - a fall of 133.00 - to $4,016.40 a troy ounce. Crude oil for August delivery slid 4.56%, down $3.34, to $69.87 a barrel. The September Brent oil contract eased 4.34%, shedding $3.33 to trade at $73.47 a barrel.
Currency markets showed modest peso weakness versus major peers. USD/MXN ticked up 0.06% to 17.60, while EUR/MXN rose 0.08% to 20.00. The US Dollar Index Futures was higher as well, trading up 0.15% at 101.32.
In summary, the day featured selective stock gains amid broader sector pressure and notable downward moves in commodity prices and certain mining and consumer names. Market participants saw slightly more advancers than decliners in count terms, yet headline index performance reflected concentration in the largest decliners.