Market close overview
Mexico's main index, the S&P/BMV IPC, finished the trading day down 0.61%. Sector pressure came primarily from Industrials, Consumer Goods & Services and Consumer Staples, which collectively contributed to the pullback in the broader market.
Top gainers
- Orbia Advance Corporation SAB de CV (BMV:ORBIA) led advancers, rising 2.25% or 0.48 points to close at 21.80.
- Wal Mart de Mexico SAB de CV (BMV:WALMEX) added 1.16% or 0.67 points to finish at 58.44.
- Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) was up 0.71% or 0.41 points to end the session at 58.48.
Leading decliners
- Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) posted the largest drop, falling 4.05% or 17.24 points to close at 408.60.
- Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) declined 2.31% or 0.31 points to 13.11.
- America Movil SAB de CV M (BMV:AMXB) fell 2.29% or 0.54 points to finish at 23.04.
Market breadth and notable highs
On the Mexico Stock Exchange, rising issues outnumbered decliners by 129 to 112, while 14 stocks closed unchanged. Two names reached 52-week highs during the session: Orbia Advance Corporation SAB de CV, which rose to 21.80, and Banco Del Bajio SA Institution De Banca Multiple, which moved up to 58.48.
Commodities and currencies
In commodities trading, Gold Futures for June delivery declined 0.44% or 21.05 to settle at $4,766.35 a troy ounce. Oil showed mixed results: crude oil for May delivery gained 1.49% or 1.44 to $98.01 a barrel, while the June Brent contract slipped 0.13% or 0.13 to trade at $97.92 a barrel.
On the currency front, USD/MXN edged up 0.07% to 17.31 and EUR/MXN rose 0.08% to 20.36. The US Dollar Index Futures moved lower, down 0.24% at 98.20.
What this means
The session closed with the benchmark in negative territory, reflecting pressure from several consumer and industrial names, while individual stocks in industrials and banking managed gains. Commodities and FX exhibited mixed signals that accompanied the equity moves.