Mexico's equity market finished the trading session lower on Thursday, with the S&P/BMV IPC closing down 0.75% as losses in several key sectors outweighed gains elsewhere.
At the close, the benchmark index was 0.75% below its previous finish. Market participation showed more stocks slipping than rising: 131 issues fell, 107 advanced and 9 were unchanged on the Mexico Stock Exchange.
Top performers
- Gentera SAB de CV (BMV:GENTERA) was the session's strongest performer on the index, rising 1.47% - a gain of 0.57 points - to finish at 39.30.
- Cemex SAB de CV (BMV:CEMEXCPO) added 1.26%, up 0.27 points to close at 21.66.
- Grupo Aeroportuario Del Centro-Norte (BMV:OMAB) advanced 1.15%, or 2.71 points, ending the day at 238.51.
Largest decliners
- Regional SAB de CV (BMV:RA) led losses on the index, falling 2.26% - down 3.02 points - to 130.90 at the close.
- America Movil SAB de CV M (BMV:AMXB) slipped 2.24%, a 0.52-point decline to 22.70.
- Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) fell 2.22%, down 1.25 points to 54.96.
Sector performance was uneven but tilted toward weakness: the Industrials, Consumer Goods & Services and Consumer Staples sectors were cited as contributors to the overall decline in the market.
Commodities and currency moves
Outside equities, several commodity and FX benchmarks moved during the session. Gold futures for August delivery rose 1.23%, an increase of 50.25, to $4,132.65 a troy ounce. In energy markets, crude oil for August delivery fell 2.33% - down $1.71 - to $71.81 a barrel, while the September Brent contract inched up 0.12%, or $0.09, to $76.15 a barrel.
On the currency front, the USD/MXN exchange rate slipped 0.05% to 17.53, while EUR/MXN was essentially flat, changing 0.01% to 20.05. The US Dollar Index Futures was down 0.03% at 100.73.
The day's trading reflected a market where select midcap names posted gains even as broader sector pressures pushed the main index lower. Market breadth and moves in commodities and FX contributed to the overall picture of modest weakness across the Mexican market on the day.