Mexico's equity market ended Thursday's session with the S&P/BMV IPC essentially unchanged, as gains in Industrials, Consumer Goods & Services and Consumer Staples provided upward momentum while several companies recorded meaningful losses.
Index performance
At the close, the S&P/BMV IPC rose 0.00%.
Top gainers
- Alsea, S.A.B. De C.V. (BMV:ALSEA) led the winners, climbing 4.77% or 2.79 points to finish at 61.24.
- Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) added 1.50% or 3.00 points to close at 202.55.
- Industrias Penoles Sab De CV (BMV:PEOLES) rose 1.35% or 13.43 points to end the day at 1,009.71.
Largest decliners
- Gruma SAB de CV (BMV:GRUMAB) posted the steepest drop, falling 7.28% or 24.72 points to 315.00 at the close.
- Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) declined 2.37% or 1.60 points to finish at 65.95.
- Gentera SAB de CV (BMV:GENTERA) slipped 2.36% or 1.28 points to close at 52.95.
Market breadth
On the Mexico Stock Exchange, decliners outnumbered advancers by 123 to 109, while 16 stocks ended unchanged, indicating that despite headline stability in the index, more individual issues fell than rose.
Commodities and energy
Gold Futures for April delivery increased 0.06%, gaining 3.09 to trade at $5,012.59 a troy ounce. Oil prices moved higher: crude oil for April delivery rose 2.08% or 1.35 to $66.40 a barrel, and the April Brent oil contract climbed 1.83% or 1.29 to $71.64 a barrel.
Foreign exchange and dollar
The peso showed modest weakness versus major currencies: USD/MXN was up 0.32% at 17.26, while EUR/MXN rose 0.25% to 20.32. The US Dollar Index Futures gained 0.16% to trade at 97.78.
Thursday's session left the main index with negligible net movement, but the underlying distribution of winners and losers, plus shifts in commodity and currency markets, underscore differing pressures across sectors and individual companies.