Mexico's stock market finished Thursday's session in negative territory, pressured by weakness across several major sectors. The S&P/BMV IPC closed down 1.65% as declines in Industrials, Consumer Goods & Services and Consumer Staples contributed to the downward move.
Market internals showed a heavier weight of falling names: on the Mexico Stock Exchange, decliners outpaced advancers by 141 to 94, while 13 issues finished unchanged. Despite the broad pullback, a small group of names recorded gains at the close.
The top performers on the S&P/BMV IPC included GCC SAB de CV (GCC), which rose 1.73% or 3.27 points to finish at 192.23. Grupo Televisa SAB Unit (TLEVISACPO) added 1.17% or 0.12 points to end the day at 10.36, and Becle SA (CUERVO) gained 1.10% or 0.17 points to close at 15.60.
On the downside, the largest percentage declines were recorded by several infrastructure and media-related names. Promotora y Operadora de Infraestructura SAB de CV (PINFRA) fell 4.08% or 11.91 points to close at 280.10. Megacable Holdings, S.A.B. De C.V. (MEGACPO) slipped 3.01% or 1.96 points to 63.21, while Grupo Aeroportuario del Pacifico SAB De CV Class B (GAPB) dropped 2.87% or 12.84 points to finish at 435.03.
Commodities showed mixed moves during the session. Gold futures for June delivery declined 3.88% or 178.00 to trade at $4,407.50 a troy ounce. In energy markets, U.S. crude for May delivery climbed 3.84% or 3.47 to $93.79 a barrel, while the June Brent contract eased 0.30% or 0.30 to $101.02 a barrel.
Currency markets also recorded modest moves. The Mexican peso strengthened slightly against the U.S. dollar, with USD/MXN down 0.19% at 17.91. EUR/MXN fell 0.09% to 20.66. Meanwhile, the U.S. Dollar Index futures were up 0.30% at 99.70.
The session's sector-level weakness - notably in Industrials and consumer-facing groups - coincided with a market environment in which gold fell materially while oil prices diverged between U.S. crude and Brent. The mix of commodity and currency moves was reflected in the market's overall negative performance.