Mexico's stock market ended Monday's trading on a weaker note, with the S&P/BMV IPC finishing the session down 1.21% as sector losses outpaced gains. The markets were pressured most by declines in Industrials, Consumer Goods & Services and Consumer Staples, according to the session's closing data.
Among individual contributors, Industrias Peñoles Sab De CV (BMV:PEOLES) stood out as one of the session's top performers, rising 3.68% - an increase of 37.24 points - to close at 1,049.50. Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) gained 1.70%, or 2.23 points, ending the day at 133.71. Corporacion Inmobiliaria Vesta SAB (BMV:VESTA) also advanced, adding 1.11% - 0.68 points - to finish at 61.94.
On the downside, Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) led declines, slipping 6.93% - down 1.21 points - to close at 16.24. Coca-Cola Femsa SAB de CV (BMV:KOFUBL) fell 6.51%, a loss of 12.66 points, to finish at 181.67. Grupo Aeroportuario del Pacifico SAB De CV Class B (BMV:GAPB) dropped 5.50% - 28.13 points - to end the session at 482.94.
On aggregate, declining issues outnumbered advancers on the Mexico Stock Exchange by 140 to 87, with 8 stocks unchanged at the close.
Notably, shares of Corporacion Inmobiliaria Vesta SAB (BMV:VESTA) reached a 52-week high during the session, closing up 1.11% at 61.94.
Commodities trading displayed a mixed picture. Gold futures for April delivery rose 3.29%, up 167.06 to $5,247.96 a troy ounce. In contrast, crude oil prices ticked lower: the April contract declined 0.15% or $0.10 to $66.38 a barrel, while the May Brent contract fell 0.15% or $0.11 to $71.19 a barrel.
Foreign exchange movements showed the peso weakening against major currencies. The USD/MXN exchange rate rose 1.01% to 17.29, and the EUR/MXN increased 1.07% to 20.38. The US Dollar Index Futures was down 0.08% at 97.66.
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