Mexico's equity market ended Monday's session in negative territory as sectoral weakness in Industrials, Consumer Goods & Services and Consumer Staples pressured the S&P/BMV IPC. The benchmark index fell 0.79%, closing at a new one-month low.
Among contributors at the top of the leaderboard, Orbia Advance Corporation SAB de CV (BMV:ORBIA) finished up 1.16%, gaining 0.26 points to close at 22.73. Fomento Economico Mexicano UBD (BMV:FEMSAUBD) added 0.92%, or 2.05 points, to finish at 225.36, while Wal Mart de Mexico SAB de CV (BMV:WALMEX) rose 0.69%, or 0.34 points, to 49.66 at the close.
On the downside, Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) was the weakest performer, tumbling 5.96%, or 0.87 points, to end at 13.73. Industrias Penoles Sab De CV (BMV:PEOLES) declined 2.98%, or 23.50 points, to 766.06, and Grupo Financiero Banorte (BMV:GFNORTEO) dropped 2.51%, or 4.68 points, to 181.91.
Market breadth favored decliners: 125 stocks fell on the Mexico Stock Exchange versus 110 that advanced, and 7 issues finished unchanged.
Commodities and currencies moved alongside the equity session. Gold futures for August delivery registered a 2.55% decline, losing 105.05 points to trade at $4,008.65 a troy ounce. In oil markets, U.S. crude for August delivery jumped 9.23%, or $6.59, to $78.00 a barrel, while the September Brent contract slipped 0.06%, or $0.05, to $83.17 a barrel.
In foreign exchange trading, the peso showed small losses: USD/MXN rose 0.06% to 17.53, and EUR/MXN increased 0.14% to 19.97. The U.S. Dollar Index Futures was higher as well, up 0.32% at 101.08.
These intraday moves left a mixed picture across asset classes, with notable weakness in metals, significant upside in U.S. crude, and modest depreciation in the peso versus both the dollar and the euro. Equity performance was concentrated, with a small set of large-cap names offsetting broader declines but not enough to prevent the S&P/BMV IPC from settling at a one-month low.