Mexican Stocks Close Higher, S&P/BMV IPC Gains 0.59%

Mexico's benchmark stock index, the S&P/BMV IPC, advanced on Friday, closing the session with a gain of 0.59%. The rise was primarily driven by positive performance in the industrials, consumer goods & services, and consumer staples sectors.

Key Movers

Market breadth on the Mexico Stock Exchange was positive, with 124 advancing stocks outpacing 100 decliners, while 8 issues remained unchanged. The session's top-performing companies on the main index included:

• Gentera SAB de CV (BMV:GENTERA), which rose 3.34% to close at 40.56.
• Grupo Televisa SAB Unit (BMV:TLEVISACPO), adding 2.63% to end at 9.74.
• Banco Del Bajio SA (BMV:BBAJIOO), which climbed 2.26% to finish at 56.19.

Among the notable laggards were Arca Continental, S.A.B. De C.V. (BMV:AC), which fell 2.07%, and airline operator Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA), which declined 1.68%.

Ad

Currency and Commodity Markets

In foreign exchange markets, the Mexican Peso showed strength against the U.S. dollar. The USD/MXN pair declined by 0.38% to trade at 17.47, indicating a stronger peso. The peso also gained 0.52% against the euro.

In the commodities space, energy prices edged lower. Crude oil for August delivery fell 0.79% to $71.51 a barrel, while the September Brent oil contract slipped 0.38% to $76.01 a barrel.