Mexican equities closed higher on Monday, with the S&P/BMV IPC gaining 0.06% as gains in the Industrial, Consumer Goods and Services, and Basic Materials sectors offset losses in aerospace and mining. The index’s advance was tempered by declines in key components, including Grupo Aeroportuario del Pacifico and Penoles.
The S&P/BMV IPC rose to close at 57,234.12, up 34.87 points from Friday’s close. The broader market showed a positive bias, with 125 stocks advancing against 107 declines and 18 unchanged. The U.S. dollar futures index fell 0.19% to 98.92.
Among top performers, Gentera SAB de CV led with a 3.15% gain, closing at 39.59 pesos, followed by Coca-Cola Femsa SAB de CV at 194.66 pesos (+2.97%) and Fomento Economico Mexicano UBD at 206.94 pesos (+1.71%). The gains in these names contributed to the overall sector strength in Consumer Goods and Services.
Decliners included Grupo Aeroportuario del Pacifico, which fell 2.89% to 348.59 pesos, reaching its 52-week low, Penoles, which dropped 2.15% to 915.05 pesos, and GCC SAB de CV, down 1.51% to 199.70 pesos. The aerospace and mining sectors weighed on the index despite the broader market’s upward move.
The Mexican peso remained stable against the U.S. dollar, holding at 16.94 MXN per USD, unchanged from the prior session. The euro strengthened 0.07% against the peso to 19.77 MXN per EUR.
Commodities showed mixed performance: gold futures for December delivery rose 0.63% to $4,709.90 per troy ounce, while oil prices declined. U.S. crude for October delivery fell 2.39% to $84.98 per barrel, and Brent crude for November delivery slipped 0.02% to $90.37 per barrel.
