Mexican Stocks End Higher as S&P/BMV IPC Gains 1.02%
Mexican equities finished higher on Monday, supported by gains across the Industrials, Consumer Goods & Services, and Consumer Staples sectors, which helped push the broader market upward.
By the close of trading, the S&P/BMV IPC index advanced 1.02%, reaching a new all-time high.
Among the top performers in the S&P/BMV IPC was Industrias Peñoles SAB de CV, which surged 8.38%, or 82.70 points, to close at 1,070.00. Orbia Advance Corporation SAB de CV also posted solid gains, rising 3.45%, or 0.57 points, to end the session at 17.07. Grupo México, S.A.B. de C.V. added 3.13%, gaining 5.72 points to finish at 188.70 in late trading.
On the downside, Controladora Vuela Compañía de Aviación SAB de CV was the weakest performer of the session, falling 1.83%, or 0.31 points, to close at 16.63. Becle SA declined 1.78%, or 0.41 points, ending at 22.64, while Gentera SAB de CV slipped 1.36%, or 0.64 points, to 46.41.
Declining stocks slightly outnumbered advancing issues on the Mexico Stock Exchange, with 122 shares falling, 114 rising, and 18 ending the session unchanged.
Shares of Industrias Peñoles SAB de CV climbed to an all-time high, advancing 8.38%, or 82.70 points, to 1,070.00. Grupo México, S.A.B. de C.V. also reached a record level, gaining 3.13%, or 5.72 points, to close at 188.70.
In commodities markets, gold futures for February delivery rose 2.29%, or 102.94, to settle at $4,603.84 per troy ounce. Meanwhile, crude oil for March delivery increased 1.17%, or 0.69, to $59.63 per barrel, while Brent crude for March climbed 1.06%, or 0.67, to trade at $64.01 per barrel.
In currency trading, the U.S. dollar weakened against the Mexican peso, with USD/MXN down 0.22% at 17.92. The euro edged slightly higher versus the peso, with EUR/MXN up 0.03% to 20.90.
U.S. Dollar Index futures were also lower, slipping 0.23% to 98.67.
