Mexico stocks higher at close of trade; S&P/BMV IPC up 1.63%

Mexico stocks experienced a bullish trend following the market close on Friday, with gains primarily driven by the Industrials, Consumer Goods & Services, and Consumer Staples sectors. The S&P/BMV IPC index closed the session at a fresh 1-month high, marking a 1.63% increase. The top gainers of the day on the S&P/BMV IPC were Grupo Mexico, S.A.B.

De C.V. (BMV:GMEXICOB), which surged 5.09% or 11.73 points to $242.10, and Industrias Penoles Sab De CV (BMV:PEOLES), which climbed 4.13% or 36.17 points to $912.97. Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) also rose 3.72% or 13.31 points to $371.31. On the downside, America Movil SAB de CV M (BMV:AMXB) saw a decline of 2.77% or 0.56 points to $19.64, while Banco del Bajio SA Institucion de Banca Multiple (BMV:BBAJIOO) dropped 2.17% or 1.26 points to $56.76, and Grupo Financiero Banorte (BMV:GFNORTEO) decreased by 0.13% or 0.25 points to $189.87.

The Mexico Stock Exchange witnessed 193 stocks that rose, 50 that fell, and 17 remained unchanged. Notably, Grupo Mexico's shares reached an all-time high, closing at $242.10. Gold Futures for December delivery increased by 1.52% to $4,220.30 per troy ounce, while Crude oil for November delivery rose 0.19% to $91.66 per barrel. Brent oil futures for December saw a slight decline of 0.29% to $104.42 per barrel.

The Mexican Peso against the US Dollar (USD/MXN) appreciated by 1.29% to 18.41, and the Euro against the Mexican Peso (EUR/MXN) gained 1.23% to 20.63. The US Dollar Index Futures also edged up by 0.01% to 102.03.