Mexico stocks higher at close of trade; S&P/BMV IPC up 1.06%

Mexico stocks increased following the market close on Monday, driven by positive performance in the Industrials, Consumer Goods & Services, and Consumer Staples sectors. The S&P/BMV IPC closed the session up 1.06%, reaching a fresh 1-month high. Grupo Financiero Inbursa led the gains with a 4.68% rise to 44.06, while Grupo Carso and Coca-Cola Femsa also saw significant gains of 4.37% and 3.35%, respectively.

The worst performers were Megacable Holdings with a 0.85% drop, followed by Grupo Comercial Chedraui at 0.72% and America Movil with a 0.41% decrease. The Mexico Stock Exchange saw more falling stocks (120) than rising ones (99), with 17 ending unchanged. Notably, Grupo Carso's shares hit 52-week highs, and Coca-Cola Femsa reached 5-year highs.

Gold Futures for December delivery rose by 0.13%, crude oil for November delivery increased by 1.43%, and Brent oil for December gained 0.15%. The USD/MXN exchange rate decreased by 0.07%, while EUR/MXN fell by 0.03%. The US Dollar Index Futures also declined by 0.01%.