Mexico Stocks Higher at Close of Trade; S&P/BMV IPC Up 0.08%
Mexico stocks displayed a positive trend on Wednesday, closing higher with the S&P/BMV IPC index rising 0.08%. Gains in multiple sectors helped elevate the overall market performance.
Best Performers of the Session
- Fomento Economico Mexicano UBD: This company saw a significant rise, increasing by 2.70% or 5.38 points, closing at 204.59.
- Becle SA: Added 1.56% or 0.55 points, ending the session at 35.71.
- Controladora Vuela Compania de Aviacion SAB de CV: Gained 1.31% or 0.16 points, closing at 12.42.
Worst Performers of the Session
- Grupo Aeroportuario Del Sureste: Experienced a drop of 2.55% or 14.74 points, closing at 563.42.
- Grupo Mexico, S.A.B. De C.V.: Fell by 2.07% or 2.02 points, ending at 95.50.
- Grupo Aeroportuario del Pacifico SAB De CV Class B: Declined by 1.61% or 4.93 points, closing at 300.84.
Market Breadth
In total, rising stocks outnumbered declining ones on the Mexico Stock Exchange. Specifically, 68 stocks rose, 53 fell, and 21 ended unchanged.
Commodity Trading
- Gold Futures for August delivery dipped 0.18% or 4.20, settling at $2,342.70 per troy ounce.
- Crude Oil for August delivery saw a marginal decline of 0.09% or 0.07, closing at $80.64 per barrel. The August Brent Oil contract similarly fell by 0.07% or 0.06, ending at $85.27 per barrel.
Currency Movements
- USD/MXN: The US Dollar gained 0.24%, closing at 18.44 Mexican Pesos.
- EUR/MXN: The Euro rose 0.17%, closing at 19.81 Mexican Pesos.
US Dollar Index
The US Dollar Index Futures remained unchanged at 104.88.
In summary, while the market saw a mix of gains and losses among different companies and commodities, the overall trend was slightly positive, buoyed by stronger performances from key sectors.
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