Mexico's equity market closed lower on Friday, with the S&P/BMV IPC sliding 0.40% as sector-level weakness in Industrials, Consumer Goods & Services and Consumer Staples weighed on the index.
At the close, Orbia Advance Corporation SAB de CV (BMV:ORBIA) was the session's top performer, rising 3.87% to finish at 23.37. Industrias Peñoles Sab De CV (BMV:PEOLES) also posted a strong gain, adding 3.24% to close at 1,010.00, while Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) climbed 2.74% to end the day at 136.38.
Not all constituents fared as well. Regional SAB de CV (BMV:RA) led decliners with a 4.49% fall to 134.43. Grupo Televisa SAB Unit (BMV:TLEVISACPO) dropped 3.72%, finishing at 9.33, and Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) declined 2.68% to 59.12.
Market breadth favored advancers, with 154 stocks rising versus 111 that fell on the Mexico Stock Exchange, and 10 securities ended unchanged.
Commodities showed mixed moves during the session. Gold futures for August delivery gained 0.83%, trading up 37.50 at 4,569.90 a troy ounce. In contrast, crude oil prices were lower: the July contract fell 1.28% to $87.76 a barrel, while the August Brent contract slipped 1.20% to $91.59 a barrel.
Foreign exchange activity saw the peso slightly stronger versus the dollar for the session: USD/MXN rose 0.27% to 17.35, while EUR/MXN increased 0.35% to 20.24. The US Dollar Index Futures was marginally lower, down 0.08% at 98.89.
Market context
The trading day featured divergent performance across large-cap names, with gains concentrated in select industrial and mining-related stocks and notable declines in media and regional communications firms. Commodity and FX moves provided additional backdrop for traders, with higher gold prices contrasting with weaker crude oil.