The Mexican equity market closed on a positive note Thursday, with the S&P/BMV IPC index climbing 0.41% to register a new all-time high. The advance was fueled predominantly by upward momentum in the Industrials, Consumer Goods & Services, and Consumer Staples sectors, which collectively contributed to the day's gains.
Leading the day's top performers on the S&P/BMV IPC was Controladora Vuela Compañía de Aviación SAB de CV (BMV:VOLARA), which surged 7.82%, adding 1.22 points to close at 16.83. Close behind, Orbia Advance Corporation SAB de CV (BMV:ORBIA) rose 6.81%, or 1.21 points, finishing at 18.99. Banco Del Bajio SA Institución de Banca Múltiple (BMV:BBAJIOO) also saw a notable increase of 5.64%, gaining 2.81 points to end the session at 52.65, hitting a new 52-week high in the process.
Despite the overall upward trend, certain shares declined. Qualitas Controladora, SAB de CV (BMV:Q) registered the biggest session loss, dropping 4.51%, equivalent to 8.02 points, to close at 170.00. Industrias Peñoles SAB de CV (BMV:PEOLES) fell 2.12% or 23.16 points, ending at 1,067.89, while GCC SAB de CV (BMV:GCC) slipped 1.46%, shedding 2.86 points to finish at 193.35.
Market breadth favored advancing issues by a count of 142 stocks rising versus 83 falling on the Mexican Stock Exchange, with 16 issues unchanged by the close.
In the commodities domain, February gold futures climbed 1.87%, or $90.39, reaching $4,927.89 per troy ounce. In contrast, crude oil prices retreated; the March contract for West Texas Intermediate (WTI) dropped 1.93%, losing $1.17 to close at $59.45 per barrel, while Brent crude for March delivery declined 1.66%, or $1.08, settling at $64.16 a barrel.
FX markets were mixed, with the USD/MXN currency pair marginally lower by 0.03% at 17.46, while EUR/MXN appreciated 0.60% to 20.53. The US Dollar Index Futures weakened by 0.43% to 98.14 during the trading session.