Mexico's equity market ended the trading day in negative territory on Thursday, with the S&P/BMV IPC falling 1.65% at the close.
Sector moves were concentrated among Industrials, Consumer Goods & Services and Consumer Staples, which collectively drove the market lower. Market internals showed more names in retreat than advance on the Mexico Stock Exchange, with 146 declining issues, 124 advancing and 9 unchanged.
Top performers
- Gentera SAB de CV (BMV:GENTERA) was the session's strongest performer, rising 5.30% or 2.21 points to finish at 43.87.
- Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) gained 2.82% or 0.37 points, closing at 13.47.
- Bolsa Mexicana De Valores SAB De CV (BMV:BOLSAA) advanced 1.53% or 0.56 points to end the day at 37.21.
Largest declines
- Grupo Financiero Banorte (BMV:GFNORTEO) led losses, dropping 7.16% or 14.27 points to close at 185.15.
- Wal Mart de Mexico SAB de CV (BMV:WALMEX) fell 3.63% or 1.98 points to 52.60 at the close.
- Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) declined 2.75% or 11.67 points to finish at 411.98.
Commodities and currencies
In commodities trading, Gold Futures for August delivery were up 1.02% or 45.50, settling at $4,527.00 a troy ounce. Crude oil for delivery in July slipped 0.17% or 0.15 to $88.53 a barrel, while the August Brent contract ticked higher by 0.13% or 0.12 to $92.35 a barrel.
On the currency front, USD/MXN was up 0.05% to 17.32 and EUR/MXN rose 0.05% to 20.17. The US Dollar Index Futures was down 0.20% at 98.96.
Market backdrop
The session was characterized by a heavier skew toward falling stocks, with losses concentrated in specific consumer and industrial sectors. Individual large-cap moves contributed materially to the headline index decline, while the commodities complex and exchange-rate moves showed mixed direction.
Traders and analysts will note the composition of the session's winners and losers and the limited but tangible moves in oil, gold and the peso as elements to monitor in coming sessions.