Mexico's stock market finished the trading day lower on Monday, with the S&P/BMV IPC ending the session down 1.09% as weakness in the Industrials, Consumer Goods & Services and Consumer Staples sectors pushed the index lower.
At the close, the S&P/BMV IPC registered a 1.09% decline.
The session's top performers on the S&P/BMV IPC included Fomento Economico Mexicano UBD (BMV:FEMSAUBD), which rose 0.79% or 1.52 points to finish at 194.76. Wal Mart de Mexico SAB de CV (BMV:WALMEX) added 0.75% or 0.42 points to close at 56.16, and Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) was up 0.51% or 1.11 points to end the day at 220.14.
On the downside, Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) declined 8.28% or 1.24 points to close at 13.74. Grupo Televisa SAB Unit (BMV:TLEVISACPO) fell 5.44% or 0.56 points to finish at 9.73, while Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) slipped 5.33% or 7.19 points to close at 127.76.
Market breadth was mixed: rising issues outnumbered falling ones by 129 to 122, and 9 stocks ended unchanged on the Mexico Stock Exchange.
Notably, shares of Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) reached an all-time high in the session, gaining 0.51% or 1.11 to finish at 220.14.
Commodity and currency moves accompanied equity action. Gold Futures for April delivery rose 1.88% or 98.49 to $5,346.39 a troy ounce. In oil markets, crude oil for April delivery climbed 6.70% or 4.49 to $71.51 a barrel, while the May Brent contract increased 7.55% or 5.50 to trade at $78.37 a barrel.
On the foreign exchange front, USD/MXN was up 0.50% at 17.31, while EUR/MXN fell 0.60% to 20.24. The US Dollar Index Futures was firmer as well, up 0.96% at 98.50.
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Trading dynamics on Monday were dominated by sector weakness in Industrials and consumer segments, alongside notable moves in commodities and the peso. The session left the benchmark index lower despite several individual stock gains.