Mexican equities finished the trading session higher on Thursday as sector-level strength in Industrials, Consumer Goods & Services and Consumer Staples supported a broad advance. At the close, the S&P/BMV IPC had gained 1.13%.
Leading the session's winners were several consumer-oriented names. Grupo Bimbo, S.A.B. De C.V. (BMV:BIMBOA) registered the largest jump on the index, rising 8.89% - an increase of 4.85 points - to finish the day at 59.38. Fomento Economico Mexicano UBD (BMV:FEMSAUBD) added 5.19%, climbing 10.18 points to close at 206.33. Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) was also among the top performers, up 5.17% or 3.02 points to 61.43 in late trade.
On the weaker side of the ledger, infrastructure and select financial and industrial names weighed on performance. Promotora y Operadora de Infraestructura SAB de CV (BMV:PINFRA) declined 1.31%, sliding 3.67 points to end at 276.58. Gentera SAB de CV (BMV:GENTERA) fell 1.15%, or 0.53 points, to close at 45.65. Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) dropped 1.00%, a loss of 1.34 points, to finish at 133.33.
Market breadth favored advancing issues. On the Mexico Stock Exchange there were 163 rising stocks compared with 83 decliners, while 5 issues finished unchanged.
Commodity markets showed mixed reactions. Gold futures for June delivery rose 1.63%, gaining 74.50 to trade at $4,636.00 a troy ounce. Energy contracts moved lower: crude oil for June delivery fell 1.38%, down 1.47 to $105.41 a barrel, while the July Brent contract slipped 0.40%, or 0.45, to trade at $110.69 a barrel.
In foreign exchange markets, the Mexican peso was steady against the U.S. dollar, with USD/MXN unchanged at 17.46. EUR/MXN was also effectively unchanged, up 0.02% to 20.49. The U.S. Dollar Index Futures finished the session lower, down 0.89% at 97.95.
The day's trading highlighted stronger interest in consumer-facing and industrial names on the S&P/BMV IPC, while certain infrastructure and industrial stocks saw modest declines. Commodities and currency moves were mixed, with precious metals higher and oil contracts softer.