Mexico's equity benchmark ended Monday's trading session in positive territory, with the S&P/BMV IPC registering a 0.37% gain at the close. Sector strength was concentrated in Industrials, Consumer Goods & Services and Consumer Staples, which together helped push the index higher.
Top performers
- Cemex SAB de CV (CEMEXCPO) finished up 5.22%, a rise of 0.94 points to close at 18.94.
- Controladora Vuela Compania de Aviacion SAB de CV (VOLARA) advanced 3.10%, adding 0.39 points to end the session at 12.96.
- Banco Del Bajio SA Institution De Banca Multiple (BBAJIOO) rose 2.93%, or 1.49 points, closing at 52.39.
Lagging issues
- Alsea, S.A.B. De C.V. (ALSEA) was the weakest name on the index, slipping 4.86% - a loss of 2.91 points to finish at 57.01.
- Industrias Penoles Sab De CV (PEOLES) declined 3.50%, or 28.29 points, to close at 780.29.
- Becle SA (CUERVO) fell 2.59%, a drop of 0.39 points to end at 14.69.
On the exchange, advancing issues outnumbered decliners by 137 to 93, while 18 stocks finished unchanged.
Notable price action
Shares of Becle SA recorded a new all-time low in the session, trading down to 14.69, a 2.59% decline.
Commodities and currencies
Precious and energy markets saw mixed moves. Gold futures for June delivery dropped 3.63%, a fall of 167.30, to $4,442.30 a troy ounce. In the oil complex, the May contract for crude oil declined 9.53% - down $9.36 - to $88.87 a barrel, while the June Brent contract ticked up 0.27%, or $0.26, to trade at $96.76 a barrel.
On the foreign-exchange front, USD/MXN was effectively unchanged, moving 0.03% to 17.79. EUR/MXN rose 0.05% to 20.66. The US Dollar Index Futures finished lower as well, down 0.55% at 98.91.
Overall, Monday's session featured selective strength within industrial and consumer-oriented names, offset by pressure on certain consumer, mining and beverage stocks, while commodities and the dollar displayed notable intraday volatility.