Mexico's equity market closed in positive territory on Monday, with the S&P/BMV IPC registering a 1.17% gain at the end of trading. Strength in Industrials, Consumer Goods & Services and Consumer Staples helped push the benchmark higher.
Top performers
The session's largest riser on the S&P/BMV IPC was Coca-Cola Femsa SAB de CV (BMV:KOFUBL), which climbed 5.35% - a 9.60-point increase - to finish at 189.00. Fomento Economico Mexicano UBD (BMV:FEMSAUBD) added 3.68%, up 8.16 points to 230.17 at the close. Financial and consumer-oriented Gentera SAB de CV (BMV:GENTERA) advanced 3.56%, rising 1.41 points to trade at 41.04 in late trade.
Lagging names
Among the weaker stocks, America Movil SAB de CV M (BMV:AMXB) fell 1.40%, down 0.32 points to 22.49 at the close. Arca Continental, S.A.B. De C.V. (BMV:AC) slipped 0.05%, a 0.09-point decline, to end at 199.00. Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) ticked higher by 0.10%, gaining 0.38 points to close at 377.40.
Market breadth and participation
Advancers outpaced decliners on the Mexico Stock Exchange, with 159 stocks finishing higher versus 71 that fell. Eleven issues ended the day unchanged, reflecting a broadly positive session for domestic equities.
Commodities and currencies
Commodities trading showed divergent moves. Gold futures for August delivery increased 0.19%, or $7.80, to $4,078.60 a troy ounce. In energy markets, U.S. crude oil for September delivery dropped 6.47%, falling $5.51 to $79.64 a barrel, while the October Brent contract inched up 0.07%, a $0.06 rise, to $85.44 a barrel.
On the currency front, USD/MXN rose 0.05% to 17.45 and EUR/MXN was up 0.07% to 19.84. The US Dollar Index Futures (DX) was higher by 0.08%, trading at 101.39.
Overall, Monday's session closed with the benchmark higher and with broad participation across several consumer and industrial sectors, while commodities and currency moves provided mixed signals going into the next trading day.