Mexico equities finished the trading day lower on Thursday, with the S&P/BMV IPC falling 0.52% at the close. Widespread weakness in Industrials, Consumer Goods & Services and Consumer Staples drove much of the downward pressure on the index.
Top gainers
- Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) led advancers, rising 4.03% or 8.11 points to close at 209.26.
- Grupo Financiero Banorte (BMV:GFNORTEO) added 2.58% or 5.16 points to finish at 205.00.
- Orbia Advance Corporation SAB de CV (BMV:ORBIA) climbed 2.39% or 0.44 points to end the session at 18.84.
Largest decliners
- Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) fell 5.91% or 3.33 points to trade at 53.05 at the close.
- Qualitas Controladora, SAB De CV (BMV:Q) slipped 5.28% or 9.00 points to finish at 161.50.
- Becle SA (BMV:CUERVO) was down 3.66% or 0.70 points to close at 18.41.
Declining issues outnumbered advancing ones on the Mexico Stock Exchange by 138 to 120, with 8 stocks unchanged at the close.
Two notable moves reached record levels during the session: shares of Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) climbed to an all time high, gaining 4.03% to 209.26, and shares of Grupo Financiero Banorte (BMV:GFNORTEO) also rose to an all time high, increasing 2.58% to 205.00.
Commodities and currencies
Gold futures for April delivery rose 1.79% or 95.64 to $5,435.84 a troy ounce. In energy markets, crude oil for March delivery increased 3.31% or 2.09 to $65.30 a barrel, while the April Brent contract advanced 3.10% or 2.09 to trade at $69.46 a barrel.
On foreign exchange, USD/MXN moved up 0.21% to 17.22 and EUR/MXN rose 0.35% to 20.61. The US Dollar Index Futures was down 0.22% at 96.06.
Market context
The session combined sector-specific weakness with selective gains in large-cap mining and banking names. Trading breadth was tilted toward decliners, and commodity prices showed strength on the day.