Mexico's main equity gauge closed modestly lower on Wednesday, with losses concentrated in Industrials, Consumer Goods & Services and Consumer Staples. At the close the S&P/BMV IPC was down 0.17%.
Among individual movers, Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) ended as the session's top gainer, rising 2.51% - an increase of 0.34 points - to finish at 13.90. Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) also posted a strong performance, adding 2.36% or 1.34 points to close at 58.09. Grupo Aeroportuario Del Sureste (BMV:ASURB) rose 2.28%, or 10.97 points, to 492.89 in late trade.
On the downside, Fomento Economico Mexicano UBD (BMV:FEMSAUBD) recorded the steepest decline, sliding 3.87% or 8.99 points to close at 223.27. Regional SAB de CV (BMV:RA) fell 2.32%, or 3.01 points, to 126.59 and Alsea, S.A.B. De C.V. (BMV:ALSEA) dropped 2.31% or 0.99 points to 41.84.
Market breadth on the Mexico Stock Exchange favored losers, with 113 stocks falling versus 103 advancing and 15 finishing unchanged.
Alsea, S.A.B. De C.V. (BMV:ALSEA) fell to a 52-week low during the session, closing down 2.31% at 41.84.
Commodities displayed mixed moves. Gold futures for August delivery were down 0.07% - a decline of 2.65 - to $4,067.05 a troy ounce. In energy markets, crude oil for August delivery rose 1.13% or 0.90 to $80.24 a barrel, while the September Brent contract fell 0.57% or 0.49 to trade at $85.13 a barrel.
Currency pairs affecting Mexican markets showed modest changes. USD/MXN was up 0.04% at 17.38, and EUR/MXN moved higher by 0.08% to 19.93. The US Dollar Index Futures was lower by 0.35%, trading at 100.36.
Overall, trading closed with a slight negative bias for the benchmark as several consumer-facing and industrial names weighed on the index, even as select transportation and banking stocks posted gains.