Mexico's equity benchmark ended the trading day in negative territory on Wednesday, pressured by losses across several key sectors. The S&P/BMV IPC closed down 0.26% as the Industrials, Consumer Goods & Services and Consumer Staples sectors generated the largest declines.
Among individual issues, Grupo Televisa SAB Unit (BMV:TLEVISACPO) was the top performer on the index, advancing 4.78% - a gain of 0.53 points - to finish at 11.62. Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) climbed 2.83%, or 1.54 points, to end the session at 55.95. Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) also posted gains, rising 1.73% or 3.39 points to 199.04 in late trade.
On the downside, Grupo Comercial Chedraui, SAB De CV (BMV:CHDRAUIB) led losses among S&P/BMV IPC components, falling 3.16% - a drop of 3.78 points - to close at 115.87. Genomma Lab Internacional SAB De CV (BMV:LABB) declined 2.97% or 0.53 points to end at 17.34, while Grupo Bimbo, S.A.B. De C.V. (BMV:BIMBOA) slipped 2.86%, or 1.96 points, to 66.48.
Market breadth saw rising issues outnumber decliners on the Mexico Stock Exchange, with 173 stocks higher versus 87 lower, and 18 finishing unchanged.
Commodities traded with notable strength during the session. Gold Futures for April delivery rose 1.96%, gaining 96.16 to $5,002.06 a troy ounce. Crude oil for April delivery increased 4.16% or 2.59 to reach $64.85 a barrel, while the April Brent oil contract climbed 3.98% or 2.68 to trade at $70.10 a barrel.
Currency moves accompanied the session's trading: USD/MXN strengthened by 0.53% to 17.21, while EUR/MXN edged down 0.04% to 20.29. The US Dollar Index Futures was up 0.58% at 97.62.
The session's developments reflected a mix of individual stock volatility and broader moves in commodity and currency markets. The index-level decline of 0.26% came despite several notable winners, illustrating a market environment where sector-level weakness offset gains in select large-cap names.
Market snapshot
- S&P/BMV IPC: -0.26% at close
- Top gainers: BMV:TLEVISACPO (+4.78%), BMV:BBAJIOO (+2.83%), BMV:GMEXICOB (+1.73%)
- Top losers: BMV:CHDRAUIB (-3.16%), BMV:LABB (-2.97%), BMV:BIMBOA (-2.86%)
- Advancers/Decliners/Unchanged: 173 / 87 / 18
- Gold (April futures): +1.96% to $5,002.06 a troy ounce
- Crude oil (April): +4.16% to $64.85 a barrel
- Brent (April): +3.98% to $70.10 a barrel
- USD/MXN: +0.53% to 17.21; EUR/MXN: -0.04% to 20.29
- US Dollar Index Futures: +0.58% at 97.62