Mexico stocks lower at close of trade; S&P/BMV IPC down 0.87%

At the close of trade on Friday, Mexico's stock market, as measured by the S&P/BMV IPC, experienced a decline of 0.87%, falling to 11,735.85 points. The downturn was driven by losses across various sectors, with the Industrials, Consumer Goods & Services, and Consumer Staples sectors taking the brunt. Industries Penoles Sab De CV (BMV:PEOLES) led the decline, shedding 3.57% or 33.56 points to close at 907.17 points.

Sigma Foods Sab De CV (BMV:SIGMAFA) also underperformed, dropping 3.49% or 0.65 points to end at 17.99 points. Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) was down by 2.96% or 4.24 points, settling at 139.05 points.

Conversely, Bolsa Mexicana De Valores SAB De CV (BMV:BOLSAA) emerged as the best performer, rising 3.03% or 1.15 points to close at 39.12 points. Controladora Vuela Compania De Aviacion SAB de CV (BMV:VOLARA) added 2.29% or 0.26 points, finishing the session at 11.60 points. Cemex Sab De CV (BMV:CEMEXCPO) also performed well, increasing by 1.03% or 0.19 points, closing at 18.64 points.

In the commodity markets, Gold Futures for December delivery saw a 1.38% or 62.70 point drop, settling at $4,477.20 per troy ounce. Crude oil for October delivery experienced a minor decrease of 0.09% or 0.08 points, trading at $91.22 per barrel. The November Brent oil contract, however, gained 0.35% or 0.33 points, closing at $95.85 per barrel. The USD/MXN exchange rate slipped by 0.10% to 16.89, while EUR/MXN decreased by 0.19% to 19.61. Lastly, the US Dollar Index Futures rose by 0.25% to 99.13.