Mexico's main equity gauge moved lower through Wednesday's session, closing with losses after weakness in industrial and consumer-related sectors pressured the market.
At the close in Mexico City, the S&P/BMV IPC fell 0.88%.
Sector performance was led lower by Industrials, Consumer Goods & Services and Consumer Staples, which collectively contributed to the downbeat finish.
The strongest stocks on the S&P/BMV IPC included Fomento Economico Mexicano UBD (BMV:FEMSAUBD), which gained 2.01% - an increase of 4.17 points - to finish the day at 211.97. Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) rose 0.95%, or 0.13 points, to close at 13.79. Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) added 0.62%, or 2.56 points, ending trading at 418.01.
On the downside, Gentera SAB de CV (BMV:GENTERA) recorded the largest drop among the index components, falling 3.45% or 1.54 points to close at 43.04. Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) declined 3.18%, a 7.02-point loss, to finish at 213.71. Industrias Penoles Sab De CV (BMV:PEOLES) gave back 2.92%, or 28.67 points, to end the session at 953.00.
Declining issues outnumbered advancing ones on the Mexico Stock Exchange by 177 to 77, while nine names finished unchanged.
Commodities traded with mixed outcomes on the session. Gold Futures for August delivery slipped 1.27%, down 57.20, to $4,462.70 a troy ounce. In energy markets, crude oil for July delivery climbed 2.60%, gaining $2.44 to reach $96.20 a barrel, whereas the August Brent oil contract edged lower by 0.77% or $0.75, trading at $97.15 a barrel.
Currency moves were modest: the USD/MXN rate increased 0.09% to 17.34, while EUR/MXN rose 0.13% to 20.12. The US Dollar Index Futures advanced 0.30% and was at 99.49 by the close.
Market breadth, individual stock swings and commodity prices combined to shape the session's outcome. Investors monitored both domestic equity movers and global commodity flows as the session concluded with the benchmark index in negative territory.