Mexico stocks higher at close of trade; S&P/BMV IPC up 0.52%

At the close of trade on Tuesday, Mexico's stocks experienced a positive trend, with the S&P/BMV IPC surging by 0.52% to attain its highest point in a month. Industrials, Consumer Goods & Services, and Consumer Staples sectors were the chief drivers of this upward movement. Notably, Orbia Advance Corporation SAB de CV led the pack with a remarkable 5.85% gain, catapulting its price to 21.18.

Cemex SAB de CV and Regional SAB de CV also made significant strides, surging by 3.28% and 2.96% respectively, to close at 17.93 and 141.59.

On the downside, Bolsa Mexicana De Valores SAB De CV, Grupo Aeroportuario del Centro Norte, SAB de CV, and Coca-Cola Femsa SAB de CV Class UBL were the main laggards, recording declines of 2.38%, 1.43%, and 1.38% respectively. The disparity in performance saw 126 stocks outperforming while 120 lagged behind, with 13 remaining unchanged.

Gold Futures for December delivery also had a slight uptick, climbing 0.14% to $4,192.80 per troy ounce. Other commodities, like crude oil for November delivery, saw a 0.54% rise to $89.91 a barrel, while the December Brent oil contract saw a marginal decline of 0.08%. USD/MXN and EUR/MXN both experienced a minor dip of 0.05% each. Lastly, the US Dollar Index Futures remained steady at 101.61.