Mexico's equity market ended the trading day with modest gains on Wednesday, as leadership from the Industrials, Consumer Goods & Services and Consumer Staples sectors propelled the S&P/BMV IPC higher.
At the close, the S&P/BMV IPC registered a 0.42% increase.
Top performers
- Gentera SAB de CV (BMV:GENTERA) was the session's strongest performer, climbing 4.96% - a rise of 1.88 points to finish at 39.78.
- Genomma Lab Internacional SAB De CV (BMV:LABB) added 3.53%, up 0.53 points to close at 15.56.
- Bolsa Mexicana De Valores SAB De CV (BMV:BOLSAA) gained 3.13%, or 1.09 points, ending the day at 35.94.
Largest decliners
- Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) fell 2.20%, a decline of 2.87 points to finish at 127.82.
- Grupo Bimbo, S.A.B. De C.V. (BMV:BIMBOA) dropped 1.63%, down 0.93 points to close at 56.22.
- Alsea, S.A.B. De C.V. (BMV:ALSEA) slipped 1.59%, losing 0.73 points to end the session at 45.07.
Market breadth favored advancing issues, with 135 stocks rising, 102 falling and 12 finishing unchanged on the Mexico Stock Exchange.
Commodities and currency measures displayed mixed movements. Gold futures for August delivery ticked up 0.15% - a gain of 6.10 to trade at $4,044.60 per troy ounce. In energy markets, crude oil for August delivery declined 2.03%, or $1.41, to $68.09 a barrel. The September Brent contract was unchanged at $71.19 a barrel.
Exchange rates registered small moves: the U.S. dollar traded at 17.55 pesos on the USD/MXN cross, an increase of 0.04%, while the euro quoted at 19.98 pesos on EUR/MXN, up 0.08%. The U.S. Dollar Index Futures was reported up 0.24% at 101.20.
Overall, the session closed with a slightly positive tone for Mexican stocks amid divergent signals from commodities and FX markets.