Stock Markets February 4, 2026

Mexican equities slide as S&P/BMV IPC falls 1.49% amid sector-led declines

Industrials, consumer goods and staples weigh on benchmark as select laggards include Cemex and Grupo Aeroportuario del Pacífico

By Priya Menon
Mexican equities slide as S&P/BMV IPC falls 1.49% amid sector-led declines

Mexico's main stock gauge closed lower on Wednesday, with the S&P/BMV IPC slipping 1.49% as losses clustered in Industrials, Consumer Goods & Services and Consumer Staples. A handful of names posted gains, led by Orbia Advance Corporation, while heavyweights such as Cemex and Grupo Aeroportuario del Pacífico registered notable declines. Commodity and currency moves accompanied the equity weakness.

Key Points

  • S&P/BMV IPC closed down 1.49% as Industrials, Consumer Goods & Services and Consumer Staples led losses.
  • Top gainers included Orbia Advance Corporation (up 5.50%), Controladora Vuela (up 2.25%), and Alsea (up 2.01%); major decliners included Cemex (down 4.07%), Grupo Aeroportuario del Pacífico (down 2.98%), and Banorte (down 2.71%).
  • Commodities and currency moves accompanied the equity weakness: April gold futures rose, March crude and April Brent both climbed, USD/MXN and EUR/MXN strengthened, and the US Dollar Index Futures increased.

Mexico's equity market ended Wednesday's session in negative territory, with sector weakness concentrated in Industrials, Consumer Goods & Services and Consumer Staples driving the decline. The S&P/BMV IPC finished the day down 1.49%.

Among individual performers, Orbia Advance Corporation SAB de CV (BMV:ORBIA) was the strongest name on the benchmark, rising 5.50% - an increase of 1.01 points to close at 19.37. Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) advanced 2.25% or 0.39 points to finish at 17.73, and Alsea, S.A.B. De C.V. (BMV:ALSEA) gained 2.01% - up 1.06 points to 53.76 at the close.

Conversely, several large-cap issues posted meaningful losses. Cemex SAB de CV (BMV:CEMEXCPO) led the decliners, falling 4.07% or 0.89 points to trade at 20.97. Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) dropped 2.98%, a decrease of 14.62 points to close at 475.43, while Grupo Financiero Banorte (BMV:GFNORTEO) slipped 2.71% or 5.58 points to 200.44.

On breadth, advancing stocks outnumbered decliners by 145 to 118 on the Mexico Stock Exchange, with 13 securities unchanged at the close.

Controladora Vuela Compania de Aviacion (BMV:VOLARA) moved to a 52-week high during the session, ending up 2.25% or 0.39 at 17.73.


Commodities and currencies reflected mixed activity alongside the equity market. Gold futures for April delivery rose 0.93% or 45.74 to settle at $4,980.74 a troy ounce. In the oil complex, March crude oil gained 1.82% or $1.15 to $64.36 per barrel, while the April Brent contract increased 1.89% or $1.27 to trade at $68.60 per barrel.

Foreign exchange moves included a 0.59% increase in USD/MXN to 17.33 and a 0.48% rise in EUR/MXN to 20.46. The US Dollar Index Futures advanced 0.23% to 97.53.


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Risks

  • Broad market weakness driven by the Industrials, Consumer Goods & Services and Consumer Staples sectors could pressure related equities, as evidenced by the drop in the S&P/BMV IPC.
  • Notable declines in construction and infrastructure-linked names such as Cemex and Grupo Aeroportuario del Pacífico may signal volatility for industrial and airport-exposed sectors.
  • Movements in commodities and exchange rates - including higher oil and gold prices and a stronger Mexican peso against the dollar and euro - introduce additional uncertainty for exporters and importers.

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