Mexico's equity market closed higher on Tuesday, with the S&P/BMV IPC registering a 2.27% gain at the end of trading. Strength was concentrated in Industrials, Consumer Goods & Services and Consumer Staples, which drove the overall advance.
Top movers on the index
- Cemex SAB de CV (BMV:CEMEXCPO) finished up 5.61% - a rise of 1.09 points to close at 20.52.
- Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) added 5.05%, gaining 9.21 points to end the session at 191.71.
- Genomma Lab Internacional SAB De CV (BMV:LABB) rose 4.55%, an increase of 0.79 points to close at 18.16.
Lagging stocks
- Grupo Comercial Chedraui, SAB De CV (BMV:CHDRAUIB) was the weakest performer, falling 1.67% - down 1.78 points to finish at 104.91.
- Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) declined 0.24%, losing 0.15 points to close at 62.06.
- Corporacion Inmobiliaria Vesta SAB (BMV:VESTA) slipped 0.10%, down 0.06 points to end at 59.82.
Market breadth was positive, with 158 advancing issues versus 57 decliners and 15 stocks finishing unchanged on the Mexico Stock Exchange.
Commodities and currencies
In commodities trading, Gold Futures for June delivery rose 3.11%, gaining 141.75 to trade at $4,699.25 a troy ounce. Crude oil for May delivery fell 1.28%, a drop of 1.32 to $101.56 a barrel, while the June Brent contract inched higher by 0.44% or 0.45 to $103.72 a barrel.
On the currency front, USD/MXN moved up 0.04% to 17.93 and EUR/MXN rose 0.06% to 20.72. The US Dollar Index Futures declined 0.66% to 99.70.
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Note: All figures and percentages in this report reflect the values cited at the close of trading as provided above.