Market close overview
Mexican equities ended the session higher on Friday, with the S&P/BMV IPC registering a 0.82% gain at the close. Sector performance was led by Industrials, Consumer Goods & Services and Consumer Staples, which collectively pushed the benchmark upward by session end.
Top gainers
- Corporacion Inmobiliaria Vesta SAB (BMV:VESTA) posted the largest advance on the index, adding 5.17% - a 3.00 point increase - to finish at 61.08.
- Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) rose 3.31% - up 16.44 points - to close at 512.62.
- Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) climbed 3.03%, gaining 3.86 points to end the day at 131.31.
Largest decliners
- Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) was the weakest performer, sliding 2.36% - down 0.42 points - to 17.41 at the close.
- Orbia Advance Corporation SAB de CV (BMV:ORBIA) declined 1.60%, a 0.34 point drop to 20.96.
- Qualitas Controladora, SAB De CV (BMV:Q) eased 1.37%, falling 2.39 points to 172.26.
Market breadth and record levels
Declining issues outnumbered advancing ones on the Mexico Stock Exchange, with 138 names down versus 107 up, and 13 unchanged. Two notable milestone moves were recorded: VESTA rose to a 52-week high at 61.08, while GAPB advanced to an all-time high of 512.62.
Commodities and foreign exchange
Commodities trading showed mixed results. April Gold Futures climbed 2.49% - up 124.40 - to trade at $5,121.80 a troy ounce. In energy markets, April WTI crude dipped 0.05% - a 0.03 decline - to $66.37 a barrel, while the April Brent contract inched up 0.01% - a 0.01 gain - to $71.67 a barrel.
Currency moves accompanied the equity session. The USD/MXN rate fell 0.71% to 17.13, and EUR/MXN decreased 0.55% to 20.19. The US Dollar Index Futures was down 0.22% at 97.64 at the same time.
Implications
The session's gains were concentrated in a handful of sectors and individual stocks, producing a positive headline for the S&P/BMV IPC while the broader exchange recorded more declines than advances. Commodities and currency movements showed divergence, with gold strengthening notably and oil prices moving in both directions depending on the contract.
Note: This report summarizes closing prices, percentage changes and select market data for the session stated above.