Mexico’s stock market closed higher on Friday as gains in the Industrials, Consumer Goods & Services and Consumer Staples sectors pushed the benchmark upward.
The S&P/BMV IPC finished the session up 0.79%.
Top performers
- Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) led the index, rising 5.04% - a gain of 6.20 points - to close at 129.20.
- Grupo Financiero Inbursa, SAB De CV (BMV:GFINBURO) added 4.55%, or 2.03 points, to finish at 46.67.
- Alsea, S.A.B. De C.V. (BMV:ALSEA) advanced 3.11%, an increase of 1.72 points, ending the day at 56.97.
Lagging names
- Coca-Cola Femsa SAB de CV (BMV:KOFUBL) was the weakest among the larger components, slipping 1.79% - down 3.54 points - to close at 194.06.
- Orbia Advance Corporation SAB de CV (BMV:ORBIA) declined 1.18%, losing 0.25 points to end at 20.86.
- Sigma Foods SAB de CV (BMV:SIGMAFA) fell 1.09%, a drop of 0.20 points, to finish at 18.19.
Market breadth and activity
On the Mexico Stock Exchange, falling stocks outnumbered advancing ones by 122 to 122 and 16 ended unchanged.
Commodities and currencies
Gold futures for April delivery showed a strong gain, rising 2.12% - an increase of 104.96 - to trade at $5,053.36 a troy ounce.
Energy contracts were mixed: crude oil for March delivery slipped 0.02% (down 0.01) to $62.83 a barrel, while the April Brent contract ticked up 0.21% (up 0.14) to $67.66 a barrel.
In currency markets, USD/MXN moved lower by 0.35% to 17.16, and EUR/MXN fell 0.32% to 20.37. The US Dollar Index Futures eased 0.10% to 96.75.
Friday’s close left the main index higher for the day with select industrial and consumer-focused names showing the largest gains, while notable consumer and materials stocks weighed on the downside. Broader market breadth registered equal counts in advancing and declining issues by the measure reported, with a small number of names unchanged.