Market close overview
Mexico's stock market ended Wednesday with the S&P/BMV IPC higher by 3.67% at the close, supported by strength across the Industrials, Consumer Goods & Services and Consumer Staples sectors. The advance was led by several large-cap names that posted double-digit basis-point gains in late trade.
Top and bottom movers
On the S&P/BMV IPC, Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) was the session's top performer, rising 6.64% - an increase of 4.06 points - to settle at 65.20. Orbia Advance Corporation SAB de CV (BMV:ORBIA) followed, adding 6.20% or 1.24 points to close at 21.25. Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) also registered strong gains, finishing up 5.92% or 7.38 points at 132.03.
Among the laggards, Grupo Televisa SAB Unit (BMV:TLEVISACPO) fell 0.97% or 0.10 points to end at 10.26. Grupo Elektra, S.A.B. De C.V. (BMV:ELEKTRA) was unchanged, finishing the session at 373.10. Sigma Foods SAB de CV (BMV:SIGMAFA) was listed among the lower performers in the report despite rising 1.08% or 0.19 points to 17.76.
Breadth and volume indicators
Advancers outnumbered decliners on the Mexico Stock Exchange, with 157 stocks rising, 72 falling and 9 concluding the day unchanged. This skew toward advancing issues underpinned the benchmark's gain at the close.
Commodities and FX
In commodities, Gold Futures for June delivery climbed 2.29%, up 101.40, to $4,535.50 a troy ounce. Crude oil for May delivery moved lower, falling 1.15% or $1.06 to $91.29 a barrel, while the June Brent contract edged up 0.11% or $0.11 to $98.10 a barrel.
Currency markets showed modest moves versus the peso. USD/MXN rose 0.08% to 17.78, and EUR/MXN increased 0.12% to 20.56. The US Dollar Index Futures advanced 0.25% to 99.50.
Note: This report reflects the market movements, individual stock performances and selected commodity and currency prices at the close of trading as stated above.