Mexico's stock market closed in positive territory on Tuesday, with the S&P/BMV IPC trading up 0.22% at the end of the session. The advance was driven by gains across Industrials, Consumer Goods & Services and Consumer Staples sectors.
Top and bottom movers
The strongest performing stock on the S&P/BMV IPC was Gentera SAB de CV (BMV:GENTERA), which rose 4.90% - a gain of 2.13 points - to finish at 45.61. Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBOA) added 3.26% or 1.89 points to close at 59.89. Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) also outperformed, gaining 2.42% or 1.31 points to end the session at 55.53.
On the downside, Cemex SAB de CV (BMV:CEMEXCPO) declined 2.59% or 0.57 points to close at 21.40. Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) fell 2.44% or 0.27 points to 10.81 at the close. Corporacion Inmobiliaria Vesta SAB (BMV:VESTA) dropped 1.59% or 0.96 points to finish at 59.32.
Market breadth and participation
Advancers outnumbered decliners on the Mexico Stock Exchange, with 139 stocks higher versus 110 stocks lower. A total of 20 listings ended the day unchanged.
Commodities and currency moves
In commodities trading, Gold Futures for June delivery fell 1.59% - a decline of 72.60 - to $4,485.40 a troy ounce. Crude oil for July delivery was down 0.34% or 0.35, settling at $104.03 a barrel. The July Brent contract slipped 0.09% or 0.10 to trade at $110.88 a barrel.
On the foreign exchange front, USD/MXN was effectively unchanged, moving 0.01% to 17.41. EUR/MXN slipped 0.03% to 20.19. The US Dollar Index Futures was higher by 0.15%, closing at 99.26.
This session's price action saw consumer and industrial names lead advances while construction-related and aviation stocks were among the largest decliners. Market breadth favored gainers, and commodity and currency moves were mixed at the close.