Mexico's stock market finished the trading day in negative territory on Monday, with sector-level weakness in Industrials, Consumer Goods & Services and Consumer Staples pushing the S&P/BMV IPC lower by 0.66% at the close.
On the winners' side, Regional SAB de CV (BMV:RA) led gains, climbing 3.12% - an increase of 4.20 points - to finish at 139.01. Gentera SAB de CV (BMV:GENTERA) advanced 2.75% or 1.18 points to end the session at 44.08, while Qualitas Controladora, SAB De CV (BMV:Q) rose 1.99% or 3.47 points to close at 177.78.
Conversely, the session's largest declines were recorded by several large-cap names. Industrias Penoles Sab De CV (BMV:PEOLES) fell 4.49% - a drop of 45.32 points - to close at 963.00. Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) gave up 4.07% or 5.60 points to finish at 131.89, and Grupo Bimbo, S.A.B. De C.V. (BMV:BIMBOA) declined 3.67% or 2.19 points to trade at 57.50 at the close.
Market breadth ended negative, with 140 stocks declining against 116 advancing on the Mexico Stock Exchange; 11 issues finished unchanged.
Commodities and currency markets registered notable moves during the session. Gold Futures for August delivery dropped 1.70% - down $78.05 - to $4,514.95 a troy ounce. In energy markets, crude oil for July delivery jumped 5.85% or $5.11 to $92.47 per barrel, while the August Brent contract inched up 0.14% or $0.13 to $95.57 a barrel.
Foreign exchange pairs were relatively stable. The U.S. dollar traded marginally higher against the peso in futures, with USD/MXN down 0.04% to 17.35. EUR/MXN ticked up 0.04% to 20.19. The US Dollar Index Futures was higher on the day, rising 0.29% to 99.14.
Overall, the trading day combined sector-specific weakness on the local equity market with divergent moves across commodities and a mostly steady peso, resulting in a modest decline for the S&P/BMV IPC.