Mexico Stocks Higher at Close of Trade; S&P/BMV IPC Up 1.52%
Mexico stocks saw gains at the end of the trading day on Tuesday, with the S&P/BMV IPC index increasing by 1.52%. This rise was driven by gains in various sectors, pushing many shares higher.
Top Performers of the Day
- Genomma Lab Internacional SAB De CV was the best performer, rising 6.05% or 0.99 points to end at 17.35.
- Grupo Financiero Inbursa SAB De CV added 5.00% or 2.08 points, closing at 43.65.
- Grupo Bimbo, S.A.B. De C.V. was also up by 4.77% or 3.17 points, finishing at 69.69 in the late trading hours.
Poor Performers of the Session
- Controladora Vuela Compania de Aviacion SAB de CV saw a decline, falling 0.89% or 0.11 points to trade at 12.22.
- Cemex SAB de CV decreased by 0.75% or 0.09 points, closing the day at 11.96.
- Fomento Economico Mexicano UBD was down 0.63% or 1.26 points to 198.88.
Market Overview
- Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 125 to 119 with 15 stocks unchanged.
- Gold Futures for August delivery rose 0.67% or 15.55 to $2,344.55 per troy ounce.
- Crude oil for August delivery increased by 1.37% or 1.09 to $80.81 per barrel.
- The August Brent oil contract also rose by 1.39% or 1.17 to $85.42 per barrel.
Currency Exchange Updates
- USD/MXN was down 0.58% to 18.40.
- EUR/MXN fell by 0.64% to 19.77.
- The US Dollar Index Futures saw a slight decline of 0.06%, standing at 104.88.
This trading update illustrates the dynamic nature of the Mexican stock market, with significant movements in key sectors and commodities, reflecting broader economic trends and investor sentiments.
