Mexican stocks finished lower on Monday, driven by losses in the Industrials, Consumer Goods & Services, and Consumer Staples sectors. The S&P/BMV IPC index dropped 0.77%, reaching a new 52-week low by the close of trade.
Sector and Stock Highlights
Among the top performers on the S&P/BMV IPC, Qualitas Controladora, SAB De CV (BMV: Q) rose 1.62%, adding 2.70 points to close at 169.27. Bolsa Mexicana De Valores SAB De CV (BMV: BOLSAA) gained 1.25%, or 0.41 points, ending at 33.18, while Grupo Aeroportuario Del CentroNorte (BMV: OMAB) increased by 0.67%, or 1.18 points, to settle at 177.64.
On the downside, Industrias Penoles Sab De CV (BMV: PEOLES) led the declines, falling 5.37%, or 14.61 points, to 257.55. GCC SAB de CV (BMV: GCC) dropped 3.42%, losing 6.38 points to close at 180.25, and Gentera SAB de CV (BMV: GENTERA) decreased 2.96%, or 0.71 points, ending at 23.26.
Market Breadth
Rising stocks outpaced decliners on the Mexico Stock Exchange, with 130 stocks advancing, 96 declining, and 15 remaining unchanged.
Commodities and Currency Markets
In the commodities market, gold futures for February delivery fell 0.38%, or $9.99, to $2,621.91 per ounce. Meanwhile, crude oil for February delivery rose 0.78%, gaining $0.55 to settle at $71.15 per barrel. The March Brent oil contract also saw an uptick, rising 0.45%, or $0.33, to $74.12 per barrel.
In the currency market, the USD/MXN exchange rate increased by 1.64%, reaching 20.65, while EUR/MXN rose 1.37%, closing at 21.47.
The U.S. Dollar Index Futures was up 0.08%, settling at 107.88.
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