Mexico stocks lower at close of trade; S&P/BMV IPC down 0.28%
On Friday, Mexico's stocks had a downward trend as losses in the Industrials, Consumer Goods & Services, and Consumer Staples sectors caused shares to fall. The S&P/BMV IPC closed 0.28% lower, marking a 6-month low. Among the top gainers of the day, Controladora Vuela Compania de Aviacion SAB de CV saw a 0.72% increase, while Grupo Televisa SAB Unit and Arca Continental, S.A.B.
De C.V. also gained 0.38% and 0.36% respectively. Conversely, Gentera SAB de CV, Promotora y Operadora de Infraestructura SAB de CV, and Gruma SAB de CV recorded the biggest declines, falling 2.43%, 2.25%, and 1.62% respectively. The number of stocks that rose exceeded those that fell, with 131 outperforming and 91 underperforming.
Twenty-one stocks ended unchanged. Gruma SAB de CV saw its shares hit a 3-year low, dropping 1.62% to 233.54. Gold Futures for December delivery decreased by 0.39%, trading at $4,390.00 per troy ounce. Meanwhile, crude oil for October delivery dropped 2.43% to $99.99 a barrel, and the November Brent oil contract decreased 2.94% to $104.47 a barrel.
The USD/MXN exchange rate fell 0.04% to 16.97, and the EUR/MXN rate declined 0.15% to 19.68. The US Dollar Index Futures increased by 0.04% to 99.09.
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