Mexico stocks higher at close of trade; S&P/BMV IPC up 0.58%

Mexico stocks rose after hours on Thursday, as gains in the Industrials, Consumer Goods & Services and Consumer Staples sectors propelled the market higher. The S&P/BMV IPC index climbed 0.58% at the close. Grupo Televisa SAB Unit led the gains, surging 3.93% or 0.30 points to close at 7.93. Gruma SAB de CV also performed well, increasing 3.28% or 7.50 points to 236.11, while Qualitas Controladora, SAB De CV gained 2.83% or 4.30 points to 156.47.

Conversely, Orbia Advance Corporation SAB de CV fell 2.07% or 0.40 points to 18.93, Alsea, S.A.B. De C.V. declined 1.60% or 0.70 points to 43.06, and Grupo Aeroportuario del Pacifico SAB De CV Class B dropped 1.12% or 3.91 points to 343.65. The number of rising stocks exceeded declining ones on the Mexico Stock Exchange by 129 to 112, and 17 stocks closed unchanged.

Grupo Aeroportuario del Pacifico SAB De CV Class B reached its 52-week low, falling 1.12% or 3.91 points to 343.65. Gold Futures for December delivery dropped 0.16% or 6.95 to $4,380.55, while Crude oil for October delivery decreased 1.31% or 1.34 to $101.09 per barrel. November Brent oil futures also declined 0.16% or 0.17 to $103.94 per barrel.

The USD/MXN exchange rate remained steady at 17.16, while EUR/MXN rose marginally by 0.03% to 19.70. The US Dollar Index Futures fell by 0.02% at 99.96.