Mexico's stock market finished the trading day in negative territory on Monday, with the S&P/BMV IPC slipping 0.11% at the close. Losses were driven primarily by movers in the Industrials, Consumer Goods & Services and Consumer Staples sectors, which weighed on the broader index.
Among individual leaders on the S&P/BMV IPC, Becle SA (BMV:CUERVO) posted the largest gain, rising 2.70% or 0.37 points to close at 14.09. Airport operators also featured among the best performers: Grupo Aeroportuario Del CentroNorte (BMV:OMAB) climbed 2.33% or 5.19 points to finish at 227.49, and Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) advanced 2.19% or 9.11 points to end the day at 426.00.
On the downside, telecommunications heavyweight America Movil SAB de CV M (BMV:AMXB) was the session's weakest stock, sliding 2.15% or 0.49 points to close at 22.25. Regional SAB de CV (BMV:RA) fell 2.01% or 2.82 points to 137.67, and Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) retreated 1.32% or 0.73 points to finish at 54.67.
Market breadth was tilted toward advancers, with 80 stocks rising against 61 decliners on the Mexico Stock Exchange, and 17 issues ending unchanged.
Commodities moved notably during the session. Gold futures for August delivery advanced 1.07% or 48.70 to $4,605.10 a troy ounce, reflecting gains in the precious metal. By contrast, crude oil prices fell sharply: the July WTI contract dropped 6.51% or 6.29 to $90.31 a barrel, while the August Brent contract fell 6.55% or 6.56 to trade at $93.65 a barrel.
On the foreign exchange front, the Mexican peso showed small moves versus major currencies. The USD/MXN rate rose 0.06% to 17.28, and the EUR/MXN increased 0.08% to 20.13. Meanwhile, the US Dollar Index Futures decreased 0.27% to 98.92.
This session combined modest equity weakness with pronounced commodity volatility, as gains in gold contrasted with sizable declines in oil prices, and individual winners included consumer and transport-related names while telecommunications and select financial stocks underperformed.