Mexican Stocks Close Lower as Televisa Plunges to 52-Week Low

Mexico's benchmark stock index, the S&P/BMV IPC, edged lower on Monday, closing down 0.21% as losses in industrial and consumer-focused sectors offset gains in airport operators. The session was marked by a steep decline in shares of media conglomerate Grupo Televisa, which plunged to a new 52-week low.

Session in Review

At the close of trading, the S&P/BMV IPC was weighed down by weakness in the Industrials, Consumer Goods & Services, and Consumer Staples sectors, according to market data. The day's trading sentiment was negative, with falling stocks outnumbering advancing ones on the Mexico Stock Exchange by a margin of 69 to 55, while 12 issues ended the session unchanged.

Notable Stock Movements

The most significant decliner was Grupo Televisa SAB Unit (BMV: TLEVISACPO), which saw its shares plummet 12.70% to close at 7.77. The move established a new 52-week low for the stock, signaling significant investor concern.

Other notable laggards included:

Ad

• Orbia Advance Corporation (BMV: ORBIA), which declined 3.31%.
• Grupo Carso, S.A.B. De C.V. (BMV: GCARSOA1), which fell 2.65%.

In contrast, airport operators showed strength. Grupo Aeroportuario Del CentroNorte (BMV: OMAB) led the gainers, rising 3.96%, while Grupo Aeroportuario del Pacifico (BMV: GAPB) advanced 1.90%. Retailer Grupo Comercial Chedraui (BMV: CHDRAUIB) also posted a solid gain of 2.92%.

Currency and Commodity Markets

In the broader financial markets, the Mexican peso weakened slightly against the U.S. dollar, with the USD/MXN pair rising 0.15% to 16.92.

Meanwhile, energy markets saw gains. Crude oil futures for October delivery climbed 1.33% to $92.70 a barrel, and the November Brent contract rose 1.07% to $97.31 a barrel, according to commodities data.