Stock Markets February 24, 2026

Mexican equities end higher as consumer and industrial names lead gains

S&P/BMV IPC advances 0.49% with America Movil, Coca-Cola Femsa and Vesta among top performers; airport operators weigh on the index

By Hana Yamamoto
Mexican equities end higher as consumer and industrial names lead gains

Mexico's benchmark S&P/BMV IPC closed up 0.49% as gains in industrials, consumer goods and consumer staples buoyed the market. America Movil jumped to three-year highs while Coca-Cola Femsa and Vesta also posted notable gains. Airport operators and a spirits company were the session's laggards. Commodities and FX moves were mixed, with gold and crude slipping and the peso firming against the dollar.

Key Points

  • S&P/BMV IPC rose 0.49% with gains led by Industrials, Consumer Goods & Services and Consumer Staples sectors.
  • America Movil (BMV:AMXB) jumped 6.71% to 21.94, reaching three-year highs; Coca-Cola Femsa (BMV:KOFUBL) and Vesta (BMV:VESTA) also recorded notable gains.
  • Airport operators Grupo Aeroportuario del Pacifico (BMV:GAPB) and Grupo Aeroportuario Del CentroNorte (BMV:OMAB) were among the largest decliners; Becle SA (BMV:CUERVO) also fell.

Mexico's equity benchmark, the S&P/BMV IPC, finished the session higher on Tuesday, climbing 0.49% as strength in the Industrials, Consumer Goods & Services and Consumer Staples sectors helped lift the market.

Among individual stocks, America Movil SAB de CV M (BMV:AMXB) led the advance, rising 6.71% - or 1.38 points - to close at 21.94. The move pushed America Movil shares to three-year highs. Coca-Cola Femsa SAB de CV (BMV:KOFUBL) also recorded a strong gain, adding 4.12% - or 7.53 points - to finish at 190.19. Real estate firm Corporacion Inmobiliaria Vesta SAB (BMV:VESTA) advanced 2.37% - or 1.47 points - to end the day at 63.62, reaching a 52-week high in the process.

Not all names moved higher. Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) was the session's biggest decliner, sliding 5.90% - or 28.54 points - to close at 455.50. Airport operator Grupo Aeroportuario Del CentroNorte (BMV:OMAB) fell 3.18% - or 9.00 points - to 273.69, while spirits producer Becle SA (BMV:CUERVO) ended down 2.83% - or 0.53 points - at 18.23.

Market breadth was tilted toward advancers, with 124 rising issues versus 104 decliners on the Mexico Stock Exchange; 17 stocks finished unchanged.


Commodities and FX

In commodities trading, Gold Futures for April delivery declined 1.02% - or 53.56 - to $5,172.04 a troy ounce. Crude oil for April delivery moved slightly lower, down 0.11% - or 0.07 - to $66.24 a barrel, while the May Brent contract ticked up 0.14% - or 0.10 - to $71.21 a barrel.

On foreign exchange, the peso strengthened against major currencies. USD/MXN fell 0.48% to 17.18, and EUR/MXN slipped 0.57% to 20.23. The US Dollar Index Futures was up 0.17% at 97.81.


Contextual note

The session saw heavy influence from consumer and industrial names, with wireless telecom and beverage distribution stocks among the top contributors to the index's rise. Conversely, airport-related stocks were the largest detractors. Overall market activity showed more winners than losers, reflecting selective buying across sectors.

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Risks

  • Concentration risk in airport operators - declines at GAPB and OMAB signal sector-specific downside pressure that could weigh on Industrials and travel-related equities.
  • Commodity price volatility - declines in gold and small moves in crude could affect resource-linked sectors and investor sentiment across the market.
  • Currency fluctuations - a firmer peso (USD/MXN down to 17.18) introduces FX considerations for exporters and multinational companies operating in Mexico.

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