Mexico stocks lower at close of trade; S&P/BMV IPC down 0.01%

Mexico's stock market saw a decline at the close of trade on Friday, with the S&P/BMV IPC dropping by 0.01%. The decline was driven by negative performances in the Industrials, Consumer Goods & Services, and Consumer Staples sectors. The Industrias Penoles Sab De CV (BMV:PEOLES) was the worst performer, falling 4.02% or 34.39 points to trade at 821.94 at the close.

Despite the overall drop, some stocks managed to rise. Grupo Bimbo, S.A.B. De C.V. (BMV:BIMBOA) gained 4.80% or 2.88 points to close at 62.82, while Bolsa Mexicana De Valores SAB De CV (BMV:BOLSAA) increased by 4.57% or 1.62 points to 37.07, and Genomma Lab Internacional SAB De CV (BMV:LABB) rose 3.95% or 0.58 points to 15.26. Among the declining stocks, Arca Continental, S.A.B.

De C.V. (BMV:AC) fell 1.72% or 3.82 points to 218.02, and America Movil SAB de CV M (BMV:AMXB) dropped 1.71% or 0.40 points to 22.98. The session saw 137 stocks fall, compared to 99 that rose, with 16 ending unchanged. Gold Futures for December delivery saw a 1.24% decrease to $4,010.00 per troy ounce, while crude oil for December delivery rose 3.99% to $103.44 per barrel and the December Brent oil contract increased by 0.18% to $116.93 per barrel.

USD/MXN fell 0.22% to 18.66, and EUR/MXN dropped 0.40% to 20.90, with the US Dollar Index Futures decreasing slightly by 0.05% at 101.60.