Market close
Mexico's equity benchmark, the S&P/BMV IPC, ended Tuesday's session down 0.41% as sector-level losses drove the market lower. The session's downward pressure was concentrated in Industrials, Consumer Goods & Services and Consumer Staples, which collectively pushed the index into negative territory by the close.
Top performers
The session's leading stocks on the S&P/BMV IPC included Fomento Economico Mexicano UBD (BMV:FEMSAUBD), which rose 2.70% - an increase of 5.88 points - to finish at 223.29. Arca Continental, S.A.B. De C.V. (BMV:AC) advanced 1.74%, or 3.60 points, closing at 210.33. Promotora y Operadora de Infraestructura SAB de CV (BMV:PINFRA) also posted gains, up 1.68% or 4.54 points, to end the session at 274.15.
Lagging names
On the downside, Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) was the weakest among the highlighted movers, sliding 1.98% - a drop of 2.74 points - to finish at 135.35. Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) fell 1.87%, or 3.93 points, to close at 206.10. Cemex SAB de CV (BMV:CEMEXCPO) also declined, down 1.79% or 0.39 points to 21.37 at the close.
Market breadth and notable levels
Advancers outnumbered decliners on the Mexico Stock Exchange by 133 to 114, while 10 issues finished unchanged. Fomento Economico Mexicano UBD reached a 52-week high during the session, rising to 223.29.
Commodities and FX
Commodities traded lower in the session: Gold futures for August delivery fell 1.75% - down 73.70 - to $4,129.00 a troy ounce. Crude oil prices eased as well, with the August contract slipping 1.10% or 0.81 to $73.05 a barrel, while the September Brent contract dipped 0.04% or 0.03 to trade at $76.57 a barrel.
Currency moves included USD/MXN rising 0.09% to 17.57 and EUR/MXN increasing 0.06% to 19.98. The U.S. Dollar Index futures was up 0.37% at 101.17.
Takeaway
The session closed with the S&P/BMV IPC lower as losses in key consumer and industrial sectors offset gains among several large-cap stocks. Modest retreat in commodity prices and a slightly firmer U.S. dollar accompanied the equity weakness.