Mexico stocks higher at close of trade; S&P/BMV IPC up 1.10%

Mexico stocks climbed following Friday's market close, propelled by gains in the Industrials, Consumer Goods & Services, and Consumer Staples sectors. The S&P/BMV IPC index rose 1.10% by the close in Mexico. Grupo Mexico, S.A.B. De C.V. led the session with a 3.54% increase, or 7.94 points, taking its share price to 232.40. Regional SAB de CV and Orbia Advance Corporation SAB de CV also outperformed, each climbing 3.35% and 3.16% respectively.

Conversely, Wal Mart de Mexico SAB de CV, Grupo Aeroportuario del Centro Norte, SAB de CV, and Grupo Comercial Chedraui, SAB De CV experienced declines, with the latter falling the least at 0.29%. On the exchange, there were 125 falling stocks to 116 advancing ones, with 9 concluding unchanged. Gold Futures for December delivery experienced a 0.72% drop to $4,172.10, while crude oil for November delivery fell 1.73% to $91.26 a barrel.

In contrast, December Brent oil rose 0.46% to $102.72. The USD/MXN currency pair declined 0.58% to 18.17, and the EUR/MXN pair fell 0.47% to 20.45. The US Dollar Index Futures also slipped 0.02% to 101.70.