Mexico's equity market finished the session in positive territory on Tuesday, with the S&P/BMV IPC gaining 0.83% at the close as several industrial and consumer-oriented stocks advanced.
Index and sector performance
The headline S&P/BMV IPC rose 0.83% by market close, supported by sectoral strength in Industrials, Consumer Goods & Services and Consumer Staples. Market breadth reflected the advance, with rising issues outnumbering decliners.
Top movers
- Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) was the session's strongest performer on the index, climbing 3.88% - a 0.49-point gain to finish at 13.11.
- Alsea, S.A.B. De C.V. (BMV:ALSEA) added 3.34%, or 1.88 points, to close the day at 58.20.
- Genomma Lab Internacional SAB De CV (BMV:LABB) rose 3.17%, or 0.57 points, to end trading at 18.53.
Largest decliners
- Industrias Penoles Sab De CV (BMV:PEOLES) was the weakest name on the index, falling 3.12% - a 28.32-point drop to 880.79 at the close.
- GCC SAB de CV (BMV:GCC) declined 1.69%, or 3.10 points, to finish at 180.50.
- Coca-Cola Femsa SAB de CV (BMV:KOFUBL) slipped 1.18%, a 2.06-point move, ending the session at 171.94.
Market breadth and internals
On the Mexico Stock Exchange, advancing issues exceeded decliners by a count of 140 to 110, while 12 stocks ended unchanged, signaling modestly broad participation in the rally.
Commodities and foreign exchange
Commodities were mixed during the session. Gold Futures for April delivery rose 0.18%, or 9.10, to $5,011.30 a troy ounce. Crude oil for May delivery increased 3.07%, or 2.84, to $95.30 a barrel, while the May Brent oil contract eased 0.23%, or 0.24, to trade at $103.48 a barrel.
In currency markets, the Mexican peso moved slightly weaker against major currencies. USD/MXN was up 0.10% to 17.67, and EUR/MXN rose 0.09% to 20.39. The US Dollar Index Futures was down 0.16% at 99.31.
Outlook notes
Tuesday's session closed with the main benchmark higher and a positive skew in advancing issues. The gains were concentrated in industrials and consumer-facing sectors, with individual stock moves ranging from single-digit declines to mid-single-digit advances.
This report summarizes market moves and key price changes recorded at the close on Tuesday.