Mexico's equity gauge, the S&P/BMV IPC, ended Tuesday's session with a 0.30% decline as pressure in the Industrials, Consumer Goods & Services and Consumer Staples sectors pushed the market lower.
At the close, the S&P/BMV IPC registered the 0.30% fall. Across the exchange, more stocks fell than rose, with 136 declining issues versus 117 advancing, and 13 remaining unchanged.
Top performers
- Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) led gains on the benchmark, rising 1.53% - a 3.16-point advance to finish at 209.40.
- Fomento Economico Mexicano UBD (BMV:FEMSAUBD) climbed 1.44%, or 3.06 points, to close at 214.99. The stock reached a 52-week high in the session.
- Regional SAB de CV (BMV:RA) added 1.16% - up 1.68 points to end at 145.99.
Largest decliners
- Qualitas Controladora, SAB De CV (BMV:Q) was the weakest name on the list, tumbling 4.11%, a 7.08-point drop to 165.03 at the close.
- Corporacion Inmobiliaria Vesta SAB (BMV:VESTA) fell 2.92%, or 1.80 points, to finish at 59.90.
- Wal Mart de Mexico SAB de CV (BMV:WALMEX) declined 2.83%, a 1.62-point retreat to 55.62.
In the commodities complex, gold futures for June delivery slipped 0.13% - down 6.10 to $4,722.60 a troy ounce. Crude oil for June delivery gained 4.06%, a 3.98 rise to $102.05 a barrel, while the July Brent contract advanced 0.20%, up 0.21 to $107.64 a barrel.
Currency markets showed modest moves versus the peso. USD/MXN rose 0.09% to 17.23, and EUR/MXN increased 0.08% to 20.22. The US Dollar Index Futures was higher by 0.37%, trading at 98.19.
Market breadth and session context
Decliners outnumbered advancers on the Mexico Stock Exchange by a margin of 136 to 117, with 13 names unchanged. Within the benchmark, gains in select mining and beverage stocks contrasted with weakness among insurers, property names and retailers, contributing to the overall modest decline in the index.