Mexico's equity benchmark finished the trading day in negative territory on Tuesday, with the S&P/BMV IPC closing down 0.94%.
The market retreated as losses in the Industrials, Consumer Goods & Services and Consumer Staples sectors outweighed gains elsewhere. Market breadth was positive in count but modest in magnitude: rising issues outnumbered decliners by 138 to 106, while 9 stocks finished unchanged.
Top performers
- Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) led the index's gainers, advancing 3.05% or 0.40 points to close at 13.51.
- Corporacion Inmobiliaria Vesta SAB (BMV:VESTA) added 1.29% or 0.79 points, finishing the session at 61.89.
- Industrias Penoles Sab De CV (BMV:PEOLES) rose 1.16% or 11.11 points to end at 971.63.
Lagging names
- Genomma Lab Internacional SAB De CV (BMV:LABB) was the weakest on the index, falling 4.99% or 0.94 points to 17.88.
- Gentera SAB de CV (BMV:GENTERA) declined 4.79% or 2.46 points to close at 48.87.
- Regional SAB de CV (BMV:RA) slipped 2.48% or 3.71 points to 146.00.
Outside equities, commodity and currency moves were mixed at the close. Gold futures for June delivery were higher, up 2.04% or 97.10 to $4,864.50 a troy ounce. In oil markets, U.S. crude for May delivery fell 7.08% or 7.01 to $92.07 a barrel, while the June Brent contract inched up 0.05% or 0.05 to $95.18 a barrel.
On the currency front, USD/MXN ticked up 0.08% to 17.27, and EUR/MXN also rose 0.08% to 20.37. The US Dollar Index Futures closed lower as well, down 0.28% at 97.89.
This session's moves left the headline index lower by just under one percent, with notable dispersion among individual names and distinct movements in commodity and FX markets that traders and analysts may monitor in coming sessions.