Mexico stocks lower at close of trade; S&P/BMV IPC down 0.28%

On Wednesday, Mexico's stock market experienced a decline, with the S&P/BMV IPC closing 0.28% lower. The Industrials, Consumer Goods & Services, and Consumer Staples sectors were responsible for the majority of the losses. The S&P/BMV IPC's best performers were Corporacion Inmobiliaria Vesta SAB, which rose by 1.79%, reaching 57.89, Qualitas Controladora, SAB De CV, which climbed 1.41% to 154.78, and Becle SA, which increased by 1.31% to 14.65.

In contrast, the worst performers were Cemex SAB de CV, which dropped 3.26% to 17.19, Grupo Comercial Chedraui, SAB De CV, which fell 2.09% to 84.00, and Gentera SAB de CV, which decreased by 1.05% to 36.69. The number of rising stocks surpassed declining ones on the Mexico Stock Exchange by 138 to 105, with 16 stocks ending unchanged.

Grupo Comercial Chedraui's shares reached a three-year low of 84.00, down 2.09%. Gold Futures for December delivery experienced a 1.23% drop to $4,322.70 per troy ounce, while crude oil for November delivery rose by 2.42% to $92.71 per barrel, and the November Brent oil contract increased by 0.08% to $103.50 per barrel. The USD/MXN exchange rate climbed by 0.03% to 17.52, and the EUR/MXN rate rose by 0.05% to 19.94, with the US Dollar Index Futures advancing by 0.53% to 100.85.