Mexico Stocks Higher at Close of Trade; S&P/BMV IPC Up 0.30%
Mexico stocks improved on Monday, with the S&P/BMV IPC index rising by 0.30% at the close of trading. This increase was driven by gains in key sectors.
Top Performers of the Session
- Banco Del Bajio SA Institution De Banca Multiple rose significantly by 3.29% (1.67 points), ending the session at 52.49.
- Fomento Economico Mexicano UBD also had a good day, adding 2.23% (4.38 points) to finish at 200.43.
- Grupo Financiero Banorte climbed 1.88% (2.58 points), closing at 140.01.
Worst Performers of the Session
- Grupo Carso S.A.B. De C.V. fell by 3.64% (4.89 points), ending at 129.39.
- Gruma SAB de CV saw a decline of 3.53% (12.03 points), finishing at 328.94.
- Promotora y Operadora de Infraestructura SAB de CV dropped by 2.59% (4.58 points) to close at 172.15.
Market Trends
Rising stocks (140) outnumbered declining ones (80) on the Mexico Stock Exchange, with 18 stocks ending unchanged, indicating a positive market trend.
Commodities Trading
In the commodities market:
- Gold Futures for August delivery decreased by 0.66% (15.50 points), priced at $2,333.60 per troy ounce.
- Crude Oil for August delivery increased by 2.24% (1.75 points), hitting $79.80 per barrel.
- The August Brent Oil contract went up by 2.11% (1.74 points), trading at $84.36 per barrel.
Currency Exchange
In currency trading:
- The USD/MXN exchange rate rose by 0.45% to 18.54.
- The EUR/MXN rate increased by 0.44% to 19.89.
Meanwhile, the US Dollar Index Futures fell by 0.21%, ending at 104.95.
This summary showcases the performance of key stocks, highlights gains in crucial sectors, and provides insights into commodities and currency trends. Stay informed with these essential updates to navigate the financial landscape better.
