Mexico's equity market finished Friday with a modest advance, as the benchmark S&P/BMV IPC rose 0.59% by the close. Gains were concentrated in Industrials, Consumer Goods & Services and Consumer Staples, which collectively helped push the index higher.
Top and bottom movers
Leading the winners was Gentera SAB de CV (BMV:GENTERA), which climbed 3.34%, gaining 1.31 points to end the session at 40.56. Grupo Televisa SAB Unit (BMV:TLEVISACPO) added 2.63% or 0.25 points to close at 9.74. Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) also finished positively, rising 2.26% or 1.24 points to 56.19 in late trade.
On the downside, Arca Continental, S.A.B. De C.V. (BMV:AC) led declines, slipping 2.07% or 4.18 points to finish at 197.90. Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) fell 1.68% or 0.25 points to end at 14.61, while Alsea, S.A.B. De C.V. (BMV:ALSEA) was down 0.96% or 0.43 points to 44.50.
Market breadth and context
Advancers outnumbered decliners on the Mexico Stock Exchange, with 124 stocks rising versus 100 that fell; 8 shares closed unchanged. That breadth indicates more winners than losers, though the margin was not wide.
Commodities and currency moves
Commodities traded with mixed results. Gold futures for August delivery declined 0.29% or 11.90 to settle at 4,128.90 a troy ounce. In energy markets, crude oil for August delivery fell 0.79% or 0.57 to $71.51 a barrel, while the September Brent contract eased 0.38% or 0.29 to $76.01 a barrel.
Currency pairs showed downward movement against the peso. The USD/MXN rate fell 0.38% to 17.47, and EUR/MXN decreased 0.52% to 19.94. Meanwhile, the US Dollar Index Futures traded up 0.08% at 100.77.
Overall, the session closed with the S&P/BMV IPC higher and select consumer and industrial names among the session's best performers, while some large caps in beverages, aviation and restaurant operations weighed on the downside.
Key data points
- S&P/BMV IPC change: +0.59%
- Top gainer: GENTERA +3.34% (40.56)
- Top decliner: AC -2.07% (197.90)
- Market breadth: 124 advancers, 100 decliners, 8 unchanged
- Gold (Aug) -0.29% to 4,128.90 a troy ounce
- WTI Crude (Aug) -0.79% to $71.51 a barrel; Brent (Sep) -0.38% to $76.01 a barrel
- FX: USD/MXN -0.38% to 17.47; EUR/MXN -0.52% to 19.94; Dollar Index +0.08% at 100.77