Stock Markets January 27, 2026

Mexican equities edge higher as S&P/BMV IPC posts another record close

Industrials, consumer sectors lead gains while select retailers and holding companies lag; commodities and FX markets show notable moves

By Derek Hwang
Mexican equities edge higher as S&P/BMV IPC posts another record close

Mexico's main stock index advanced modestly at the close, driven by strength in Industrials, Consumer Goods & Services and Consumer Staples. The S&P/BMV IPC rose 0.17% to reach a new all-time high. Regional SAB de CV and Coca-Cola Femsa were among the session's top performers, while several retailers and conglomerates posted declines. Commodities and currency markets registered pronounced moves, with gold and oil higher and the peso strengthening against the dollar.

Key Points

  • S&P/BMV IPC rose 0.17% to a new all-time closing high, led by gains in Industrials, Consumer Goods & Services and Consumer Staples.
  • Top individual performers included Regional SAB de CV (BMV:RA), Coca-Cola Femsa (BMV:KOFUBL) and Banco Del Bajio (BMV:BBAJIOO); several retailers and conglomerates fell.
  • Commodities and FX showed notable shifts: gold and oil prices rose, USD/MXN weakened to 17.16, and the US Dollar Index Futures declined to 95.65.

Mexico's stock market finished marginally higher on Tuesday, with the benchmark S&P/BMV IPC climbing 0.17% to register a fresh all-time closing high. Broad gains were concentrated in Industrials, Consumer Goods & Services and Consumer Staples, which collectively supported the advance.

Among individual names on the S&P/BMV IPC, Regional SAB de CV (BMV:RA) led the session's winners, rising 1.56% or 2.43 points to trade at 157.81 at the close. Coca-Cola Femsa SAB de CV (BMV:KOFUBL) was also among the day's positive movers, adding 1.51% or 2.77 points to finish at 186.42. Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) climbed 1.36% or 0.75 points to end at 55.80 in late trading, a level that represented a 52-week high for the stock.

Not every name participated in the advance. Grupo Comercial Chedraui, SAB De CV (BMV:CHDRAUIB) posted the steepest decline on the index, slipping 3.33% or 4.19 points to close at 121.79. Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) fell 2.83% or 3.61 points to finish at 123.80, while Becle SA (BMV:CUERVO) retreated 2.59% or 0.51 points to 19.20.

Market breadth showed more decliners than advancers on the Mexico Stock Exchange, with 146 names down versus 96 advancing and 17 unchanged. That dispersion underscores pockets of both strength and pressure across sectors despite the headline index move higher.


Commodities and FX

Outside equities, commodity prices moved decisively. Gold Futures for April delivery rose 1.75% or 89.56 to settle at $5,211.86 a troy ounce. Oil prices climbed as well: crude oil for March delivery increased 3.03% or 1.84 to reach $62.47 a barrel, while the April Brent contract gained 2.81% or 1.82 to trade at $66.59 a barrel.

Currency markets reflected a stronger peso against the greenback. The USD/MXN rate fell 1.04% to 17.16, while EUR/MXN rose 0.29% to 20.65. The US Dollar Index Futures declined 1.25% to 95.65.


The closing action left the benchmark at a new record, supported by sectoral leadership in industrials and consumer-related groups, even as notable names in retail and conglomerates pulled back. Trading breadth and moves in commodities and FX suggest varied investor focus across assets during the session.

Risks

  • Uneven market breadth with 146 decliners versus 96 advancers could indicate sector-specific pressure, particularly in retail and conglomerates - this may affect Consumer Goods & Services and Industrials.
  • Volatility in commodities and currencies, such as rising gold and oil prices and a firmer peso against the dollar, could introduce cross-market uncertainty for exporters and importers.

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