Mexico's stock market closed lower on Thursday as losses concentrated in Industrials, Consumer Goods & Services and Consumer Staples exerted downward pressure on the benchmark.
Market close - At the Mexico City close the S&P/BMV IPC fell 1.11%.
Top performers
- Kimberly - Clark De Mexico A (BMV:KIMBERA) climbed 2.06% - a gain of 0.86 points - to finish at 42.70.
- America Movil SAB de CV M (BMV:AMXB) added 2.03% - up 0.41 points - to close at 20.63.
- Coca-Cola Femsa SAB de CV (BMV:KOFUBL) rose 1.60%, gaining 3.10 points to end the session at 196.97.
Both Kimberly - Clark De Mexico A and Coca-Cola Femsa reached five-year highs during the session, reflecting selective strength among consumer-facing names even as the broader index declined.
Lagging stocks
- Cemex SAB de CV (BMV:CEMEXCPO) led the declines, sliding 4.89% - down 1.09 points - to close at 21.18.
- Industrias Penoles Sab De CV (BMV:PEOLES) fell 3.95%, a drop of 42.96 points, ending at 1,044.11.
- Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) declined 3.38%, losing 17.03 points to finish at 487.00.
Decliners outpaced advancers on the exchange, with 157 stocks falling versus 89 advancing; 18 issues were unchanged.
Commodities and currency moves
Precious metals and energy also saw notable moves. Gold Futures for April delivery dropped 3.09%, losing 157.61 to trade at $4,940.89 a troy ounce. In oil markets, Crude oil for March delivery fell 2.61% - down $1.69 - to $62.94 a barrel, while the April Brent contract slipped 2.59%, or $1.80, to $67.60 a barrel.
On the foreign exchange front, the peso weakened modestly: USD/MXN rose 0.35% to 17.24, and EUR/MXN also climbed 0.35% to 20.46. The US Dollar Index Futures ticked up 0.10% to 96.82.
Context and takeaways
The session illustrated a divergence in market leadership: a handful of large consumer-oriented stocks made gains and reached five-year highs, while industrial and materials-related names, including a major cement producer and a mining-related company, logged some of the heaviest losses. Market breadth favored sellers, and moves in commodities and the currency reflected concurrent weakness.