Mexico's benchmark equity index closed higher on Tuesday, with gains concentrated in Industrials, Consumer Goods & Services and Consumer Staples stocks. At the close, the S&P/BMV IPC was up 0.40%.
Leading the winners on the S&P/BMV IPC was Gentera SAB de CV (BMV:GENTERA), which climbed 6.50%, finishing the session at 38.02 after a 2.32-point gain. Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) added 4.48%, or 0.64 points, to end at 14.94. Grupo Aeroportuario Del CentroNorte (BMV:OMAB) rose 2.59%, or 6.08 points, to reach 240.87 in late trade.
On the downside, Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) fell 2.43%, a 1.44-point decline, to close at 57.80. Becle SA (BMV:CUERVO) lost 1.01%, or 0.15 points, to finish at 14.66. America Movil SAB de CV M (BMV:AMXB) slipped 0.99%, or 0.23 points, to 23.12.
Market breadth on the Mexico Stock Exchange showed more declining issues than advancing ones, with 130 stocks down, 106 up and 6 unchanged.
Commodities traded mixed. Gold Futures for August delivery were essentially flat, gaining 0.03% and trading at 4,353.05 a troy ounce. Crude oil for July delivery posted a sizeable decline, falling 5.09% or 4.11 to $76.64 a barrel. The August Brent contract edged down 0.14%, or 0.11, to $79.35 a barrel.
In currency markets, the peso moved slightly weaker versus major currencies. USD/MXN rose 0.14% to 17.21, while EUR/MXN increased 0.19% to 19.98. The US Dollar Index Futures was down 0.06% at 99.32.
Session wrap-up: Mexican equities closed with modest gains led by specific industrial and consumer names, while energy commodities, particularly crude oil futures, registered notable declines. Market breadth favored decliners, and the peso ended the day slightly weaker against the dollar and euro.