Mexico stocks higher at close of trade; S&P/BMV IPC up 0.12%

Mexico stocks surged after the close of trade on Monday, with gains in key sectors driving the S&P/BMV IPC to a fresh 3-month high. The Industrials, Consumer Goods & Services, and Consumer Staples sectors were the chief contributors to the upward momentum. Among the day's top performers were Grupo Carso, S.A.B. De C.V., which jumped 2.58% to 165.53, marking a 52-week high.

Alsea, S.A.B. De C.V. also led the rally, advancing 2.25% to 52.30. Corporacion Inmobiliaria Vesta SAB experienced a surge as well, climbing 1.92% to 66.32. Conversely, the worst performers included Grupo Financiero Inbursa, SAB De CV, which fell 2.50% to 45.27, and Bolsa Mexicana De Valores SAB De CV, which declined 2.30% to 36.50.

The exchange saw 120 stocks advance and 115 decline, with 11 remaining unchanged. Gold Futures for December delivery experienced a slight drop, falling 0.50% to $4,160.30 per troy ounce. Crude oil and Brent oil contracts also saw minor decreases, while the USD/MXN and EUR/MXN exchange rates remained stable. The US Dollar Index Futures saw a marginal increase.