Mexico's main stock benchmark, the S&P/BMV IPC, ended Monday's session down 0.66%, finishing at a one-month low as selling pressure concentrated in Industrials, Consumer Goods & Services and Consumer Staples pressured the market.
Among individual performers, Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) was the top gainer on the index, advancing 3.46% - a rise of 1.69 points - to close at 50.53. Wal Mart de Mexico SAB de CV (BMV:WALMEX) also moved higher, adding 2.00% or 1.12 points to finish at 57.13. Grupo Televisa SAB Unit (BMV:TLEVISACPO) rose 0.98%, or 0.10 points, to end the day at 10.31.
The session's largest losses were concentrated in mining and materials and in select industrial names. Industrias Penoles Sab De CV (BMV:PEOLES) led decliners, sliding 4.94% - a drop of 47.20 points - to close at 909.11. Orbia Advance Corporation SAB de CV (BMV:ORBIA) fell 2.83%, or 0.54 points, to finish at 18.54, while Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) declined 2.59%, or 4.98 points, to trade at 187.22 at the close.
Market breadth showed more falling names than advancing ones on the Mexico Stock Exchange, recorded as falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 0 to 0.
Commodities moved lower alongside the equity decline. Gold futures for April delivery lost 1.00%, a drop of 50.40, settling at $5,011.30 a troy ounce. US crude for May delivery fell 3.73%, or $3.61, to $93.23 a barrel, while the May Brent contract ticked down 0.05%, or $0.05, to $100.79 a barrel.
In currency markets, the peso weakened marginally versus the dollar and euro. USD/MXN was up 0.07% at 17.68, and EUR/MXN rose 0.08% to 20.35. The US Dollar Index Futures fell 0.52% to 99.59.
Market context note - The declines on the session were driven by sector-level selling in Industrials and consumer-related stocks, while select financial and retail names outperformed. Commodities and currency moves were consistent with the broader risk-off tone on the day.