Mexico's equity benchmark finished the trading session on Friday with a small loss as sector-level declines outpaced gains in several household names. The S&P/BMV IPC closed down 0.28%.
Sectors that drove the downward move included Industrials, Consumer Goods & Services and Consumer Staples. Despite the headline decline, a number of individual stocks advanced by more than 1%.
Top performers
- Fomento Economico Mexicano UBD (BMV:FEMSAUBD) gained 2.85%, climbing 6.23 points to finish at 225.20. The stock rose to a 52-week high during the session.
- Kimberly - Clark De Mexico A (BMV:KIMBERA) added 1.67%, or 0.64 points, ending the day at 38.85.
- Grupo Bimbo, S.A.B. De C.V. (BMV:BIMBOA) increased 1.66%, up 0.93 points to close at 57.09.
Lagging names
- Sigma Foods SAB de CV (BMV:SIGMAFA) fell 2.49%, a decline of 0.41 points to 16.03.
- Industrias Penoles Sab De CV (BMV:PEOLES) dropped 2.25%, or 17.80 points, to 774.85.
- Grupo Financiero Banorte (BMV:GFNORTEO) was down 1.59%, a loss of 2.95 points, closing at 182.90.
Market breadth was almost even: 127 stocks advanced on the Mexico Stock Exchange, 117 declined and 12 finished unchanged.
Commodities and currency
Gold futures for August delivery rose 1.37%, or 55.40, to $4,103.00 a troy ounce. Energy contracts moved lower: crude oil for August delivery fell 2.34%, or 1.68, to $70.24 a barrel, while the September Brent contract declined 2.62%, or 1.98, to trade at $73.52 a barrel.
Currency pairs showed modest shifts. USD/MXN rose 0.11% to 17.51, and EUR/MXN increased 0.24% to 19.93. The US Dollar Index Futures was down 0.05% at 101.14.
This combination of sector weakness, mixed stock-level performance and movement in commodities and FX left the benchmark lower at the close, with select consumer and food producers moving in opposite directions.
Data snapshot
- S&P/BMV IPC: -0.28%
- Risers: 127 | Fallers: 117 | Unchanged: 12
- Gold (Aug futures): +1.37% to $4,103.00/oz
- Crude Oil (Aug): -2.34% to $70.24/bbl
- Brent (Sep): -2.62% to $73.52/bbl
- USD/MXN: 17.51 (+0.11%) | EUR/MXN: 19.93 (+0.24%)
- US Dollar Index Futures: 101.14 (-0.05%)