Mexico's stock market finished Tuesday with a small gain, as the S&P/BMV IPC rose 0.06% to close at a fresh record high. The uptick was led by advances in the Industrials, Consumer Goods & Services and Consumer Staples sectors, which collectively supported the benchmark's modest move higher.
Among individual movers, Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) was the session's top performer on the S&P/BMV IPC, climbing 3.10% - an increase of 0.48 points - to end at 15.98. Airport operator Grupo Aeroportuario del Pacifico SAB De CV (BMV:GAPB) added 2.79%, or 12.21 points, to finish at 449.07. Beverage bottler Coca-Cola Femsa SAB de CV (BMV:KOFUBL) also advanced, rising 2.58% - 5.61 points - to close at 223.03, a level noted as an all-time high for the company.
Not all names moved higher. Becle SAB de CV (BMV:CUERVO) recorded the steepest decline on the day, dropping 4.49% or 0.63 points to finish at 13.41. Mining and metals company Industrias Penoles SAB De CV (BMV:PEOLES) fell 3.64%, losing 29.84 points to end at 789.96. Cement producer Cemex SAB de CV Unit (BMV:CEMEXCPO) slipped 2.70%, down 0.56 points to 20.15.
Market breadth was slightly negative at the close, with declining issues outnumbering advancing ones on the Mexico Stock Exchange by 128 to 118, while 20 stocks finished unchanged.
Commodities traded lower during the session. Gold Futures for December delivery fell 1.89%, a drop of 77.90, to $4,036.60 a troy ounce. In energy markets, crude oil for December delivery lost 0.50% or 0.43 to settle at $86.42 a barrel, while the January Brent contract declined 0.66% or 0.61 to trade at $91.96 a barrel.
On the currency front, the Mexican peso weakened against major currencies during the session: USD/MXN rose 0.54% to 18.63, and EUR/MXN climbed 0.03% to 20.80. The US Dollar Index Futures was up 0.60% at 102.15.
Market snapshot:
- S&P/BMV IPC: +0.06% (new all-time high)
- Top gainers: VOLARA +3.10%, GAPB +2.79%, KOFUBL +2.58%
- Top decliners: CUERVO -4.49%, PEOLES -3.64%, CEMEXCPO -2.70%
- Commodities: Gold -1.89% to $4,036.60/oz; WTI crude -0.50% to $86.42/bbl; Brent -0.66% to $91.96/bbl
- FX: USD/MXN +0.54% to 18.63; EUR/MXN +0.03% to 20.80
This session left the benchmark at a new record while highlighting mixed performance across industry groups, with industrials and consumer-facing names outperforming material and construction-related names. Traders and investors assessing positioning will note the persistent divergence between select equities and softer commodity prices.