Mexico's equity market finished the session lower on Wednesday, with the S&P/BMV IPC down 0.26% at the close. The decline came as shares in Industrials, Consumer Goods & Services and Consumer Staples led losses across the index.
The session's top performers on the S&P/BMV IPC included Alsea, S.A.B. De C.V. (BMV:ALSEA), which advanced 2.62% - an increase of 1.23 points to finish at 48.13. Grupo Televisa SAB Unit (BMV:TLEVISACPO) rose 2.54% or 0.26 points to close at 10.50, while Qualitas Controladora, SAB De CV (BMV:Q) added 2.09% or 3.58 points to end the day at 175.13.
On the downside, Industrias Penoles Sab De CV (BMV:PEOLES) posted the steepest drop, sliding 3.66% - a fall of 31.43 points to 826.63 at the close. Cemex SAB de CV (BMV:CEMEXCPO) declined 1.97% or 0.44 points to finish at 21.91, and Becle SA (BMV:CUERVO) was down 1.71% or 0.25 points to 14.41.
Market breadth favored decliners, with 139 falling stocks compared with 102 gainers on the Mexico Stock Exchange, and 17 issues ending unchanged.
Commodities trading showed notable moves that accompanied the equity session. Gold Futures for August delivery fell 1.80% or 78.20 to $4,276.20 a troy ounce. In energy markets, Crude oil for July delivery dropped 0.59% or 0.45 to $75.60 a barrel, while the August Brent contract edged down 0.03% or 0.02 to trade at $78.69 a barrel.
Currency markets registered slight strength in the U.S. dollar versus Mexican peso and euro crosses. USD/MXN rose 0.08% to 17.31, and EUR/MXN increased 0.10% to 19.90. The US Dollar Index Futures gained 0.90%, trading at 100.17.
The session's mix of sector declines and commodity and currency movements left the benchmark modestly lower at the close. The largest single-company moves were concentrated among industrial and consumer-exposed names, while precious metals and oil prices moved down on the day.
Investors monitoring the market will note the heavier number of decliners relative to advancers and the concurrent retreat in gold and oil prices, alongside a firmer U.S. dollar as measured by futures.